Building Stability through Microlending
I’m happy to see microlending taking root in Iraq because I think business investment is one of the best ways to create stability in any region. Sadly, the number of sound investments available in any region correlates positively with the stability already in place. These microlenders are taking significant risks to help fund businesses in a place where hard-working people may not have a lot of options for financial success. Hopefully these small businesses are successful and repay their loans so business people in volatile regions can continue to attract new capital and build stability one good job at a time.
Thanks Kiva for making these microloans happen! Thanks to the lenders as well! I hope that microloans will someday be a major part of my personal investment portfolio.
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Tags: Business, Economic Stability, Economics, Entrepreneurship, Investment, Kiva, Microcredit, Microlending, Not For Profits, Politics, Social Entrepreneurism
July 13th, 2007 at 2:01 am
The entire concept of microfinance is a really exciting one. The way I see it around the developing world now people are realising you can help so many people do so much, with such little capital.
What I really appreciate about microfinance and microlending is it preserves the dignity of people in desperate help too. They’re not asking for “aid”, they’re actually getting something that will help them and their communities help themselves which goes a long way to rebuilding a sense of pride in what they’re doing, rather than just receiving handouts. In a place like Iraq for example I think this is really important.
I second your kudos to Kiva :)