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Micro-loans, macro-benefit
by Health Patio
I run a small free loan charity. The idea is to loan small (and very small) sums of money and allow repayment to be made over time without any interest. The charity derives it name from our first son who unfortunately died after only one day of life in 2002.
This micro-loan concept isn’t original to me, obviously. Today, The Tyee (like the tyee salmon for which the online magazine is named) reported the Big Power of Small Loans.
Microloans are based on character, not collateral, and the principal is to allow people, often women, with few assets or a poor credit history to access small loans for self-employment projects.
Don’t forget to keep your larger investments socially responsible. Think SRI. Forbes today schooled us on what and why SRI is possible, desirable, and… profitable.
The increase in environmental awareness has played a major role in the increasing appeal of SRIs to a wide group of investors. (source)
Ways of Knowing
Which leads us to the U.K. where green economics challenges our culture of consumerism.
