• about us
  • waterfalls
  • our travels
  • galleries

where's your sense of adventure?

an eric and leandra production

  • international travel
  • usa travel
  • food & drink
  • street art

posted on April 3, 2007 by eandl

Microloans

Microloans and community investing have been in the news the past year, in large part due to the Nobel prize awarded to Muhammad Yunus, one of the champions of the practice. Essentially, microloans are small loans (on the order of several hundred to several thousand dollars) given to people who would never qualify for a standard loan, i.e. those who are very poor. The process seems to work remarkably well with very low default rates. And once a loan is repaid the money can be reloaned to the next borrower, providing a much larger impact than a simple donation.

Over the past several months we’ve been researching several groups that funnel money to these community banks. About a month ago we decided to make a small initial investment in Oikocredit World Partnership through the Calvert Foundation.

Best case scenario – our small loan helps several people build their business, which in turn helps their neighbors.

Related posts:

  1. what exactly do you do?
  2. our latest shrub resident
  3. oh yeah, it’s fall!
  4. free money
« Springtime pollen
More spring photos »

2023 Trips

San Diego (Jan)
Orlando (Feb)
Italy (Apr)
NC Mountains (May)
Rugby World Cup (Sept)
Seychelles (Nov)

2022 Trips

Florida (Feb)
NC Mountains (Apr)
Washington DC (Apr)
Valencia, Spain (May)
Hilton Head, SC (May)
Pacific NW (Jun)
Long Island (Jul)
Florida (Sept)
Chicago (Sept)
Poland (Sept)
NC Mountains (Nov)
Euro Xmas Markets (Dec)

1 Second Everyday: 2022

Archives

search our blog!

Copyright © 2023 · Divine theme by Restored 316

Copyright © 2023 · Eric + Leandra Ganko