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Investing and Economics Blog

Creating a World Without Poverty

Creating a World Without Poverty by Muhammah Yunus (founder of the Grameen Bank and 2006 Nobel Peace Prize recipient). Giving people the opportunity to advance economically is something I see as very important. It is hard to imagine in the USA when those that are seen as poor have air conditioning, indoor plumbing, cars, TVs, electricity… but billions of people would love to approach such material wealth.

When you really have to struggle to put food on your plate or get clean water economic concerns are critically important. Economic progress may well decide whether your children live or not. Muhammah Yunus’ new book is a good read to hopefully encourage more people to realize there really are much more important things than your fourth pair or shoes (to say nothing of you 20th pair) or expensive wine or a newer car or…

Microfinance is a great system where those that have been lucky to receive material wealth can help provide opportunity to others. Loans of $200-$500 can make a huge difference in an entrepreneurs life. Just giving them the chance to use their intellect and hard work to create a life where they can get raise themselves slightly can change their lives, their children’s lives and together with others perhaps their community.

Trickle Up, Kiva and Grameen Bank are three great ways to help give entrepreneurs a chance to improve their lives. As I have mentioned before if you are a Kiva lender add a comment with your Kiva page and I will add a link to: Curious Cat Kiva Supporters. I will say I am happy with the success of this blog in general, the thing that disappoints me is how few links we have on that page.

Related: Microfinancing Entrepreneurs - Interview with Mohammad Yunus - Trying to Keep up with the Jones - Providing a Helping Hand via Kiva - Curious Cat Science and Engineering blog posts on appropriate technology

April 12th, 2008 by John Hunter | | Tags: Cool, Economics

Comments

1 Comment so far

  1. Curious Cat Science and Engineering Blog » Medical Study Integrity (or Lack Thereof) on April 18, 2008 8:28 am

    [...] more like profit motivated organizations than science motivated organizations. I am in favor of profit motivated organization (those getting the micro-financing in this link, for example) but those organization should not be trusted to provide honest and balanced opinions they should be [...]

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