Microfinance is a way where “financial services are provided to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services.” (wikipedia)
It’s how the poor get resources (e.g. loans) to better themselves. If you’re not sure, answer this: “Which is better: A pushcart selling candy or a tin shack stall that sells grocery?”
Answer’s in the video…
World Hope isn’t the only microfinance or socially-conscious project out there: KIVA’s a peer-to-peer portal that connects low-income clients to anyone who wants to help. There’s also the Project 10^100 by Google which polls suggestions amongst netizens and puts them into practice. More grounded projects include Network Relief Kit – a solar-powered internet comms network for disaster areas.
There are many socially-conscious projects that could help us help others, and tell us about if you know of any.
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