Monday, May 11, 2009

Microfinance: An effective tool for poverty alleviation

Give a man a fish, he'll eat for a day. Give a woman microcredit, she, her husband, her children and her extended family will eat for a lifetime.
~ Bono (Paul Hewson), U2 Lead Singer and Global Poverty Activist

Microfinance is an idea whose time has come. ~ Kofi Annan

This is not charity. This is business: business with a social objective, which is to help people get out of poverty. ~ Muhammad Yunus

At the most basic level, the key to ending extreme poverty is to enable the poorest of the poor to get their foot on the ladder of development. ~ Jeffrey D. Sachs

Microloans enable the poor to lift themselves out of poverty through entrepreneurship.
~ Pierre Omidyar

Check out Grameen Foundation and Kiva.

1 comment:

Nakul Thaker said...
This comment has been removed by the author.