General Chat Thread, Lend with Care - Make Ideas Happen! in General; Afternoon All,
I posted this up on FB the other day, but thought i'd post it up here.
Microfinance from ...
21st August 2011, 04:33 PM #1
IDG Tech News
21st August 2011, 04:35 PM #2
No guarantee of repayments, but you have to pay them regardless so you could end up out of pocket.
21st August 2011, 04:37 PM #3
True, but how i thought about it was if you say lend the minimum of £15.00 then at least you can say you have helped give them the chance to at least try!
Originally Posted by nephilim
21st August 2011, 04:38 PM #4
The bit I think is really wrong (imo) is MFI charges them 30% "per year" interest rate. So they use your money, and charge the "entrepeneur" to make themselves money? Bit wrong personally :P
Just been having a look through the actual people, seems some really good ones in there though. Will have to see if I can sort some spare cash.
Last edited by Steve21; 21st August 2011 at 04:44 PM.
21st August 2011, 10:26 PM #5
Taking out a loan to pay off another loan?
Originally Posted by EduTech
Is Gordon Brown behind all this?
21st August 2011, 11:03 PM #6
Sounds interesting but I am concerned about the interest aspect. You could get involved with sponsoring a child via one of the agencies that help struggling communities around the world - they dig wells, build schools, and help with healthcare etc. You can choose where you sponsor. It is very rewarding and you know that they are helping the communities to help themselves and become more self sufficient. It is really low cost. I have been doing it for 30-odd years and I have learned a lot and got a lot of satisfaction out of it.
World Vision, ActionAid and others all do it.
Thanks to witch from:
bossman (22nd August 2011)
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