Skip to main content

View Diary: Microcredit: be a Venture Capitalist. (185 comments)

Comment Preferences

  •  There is a big microcredit movement in the US. (4.00)
    They usually lend to very small businesses owned by the poor. The amounts are more like $1000 to $25,000. That's micro in the US, but it could rebuild a whole village in some countries. Most of us can't afford to lend that much. Still it's a wonderful idea. Google it and you'll find lots of info.
    This reminds me of something from my childhood. We had recently emmigrated to the US. My Mom, who grew up in wartime Poland, said, "The US is the only country in the world where the poor drive cars to the aid office."

    "The bicycle, the bicycle surely, should always be the vehicle of novelists and poets" , Christopher Morley

    by Chris Kulczycki on Thu Oct 27, 2005 at 05:34:37 AM PDT

    [ Parent ]

    •  My wife used the UMLF in Salt Lake for equipment (4.00)
      The Utah Microenterprise Loan Fund provided a loan for ski tuning machinery. She would have never been loaned the money by a bank.

      "Our lives begin to end the day we become silent about the things that matter." Dr. ML King, from a jail cell in Birmingham, Alabama in 1963.

      by bewert on Thu Oct 27, 2005 at 07:38:47 AM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site