Microcredit: Difference between revisions
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*Solves the [[The "Poor Can Only Afford to Buy A Tool Once" Issue]] to a certain extent | *Solves the [[The "Poor Can Only Afford to Buy A Tool Once" Issue]] to a certain extent | ||
*Also goes well with [[Job Training]] and [[Entrepreneurial Training]] , and [[Business Plans]] + [[Business Drop Kits]] (forget if "drop kit" was the right term? Essentially all the paperwork, plans, and even machine parts etc in one "package" ) to promote success | *Also goes well with [[Job Training]] and [[Entrepreneurial Training]] , and [[Business Plans]] + [[Business Drop Kits]] (forget if "drop kit" was the right term? Essentially all the paperwork, plans, and even machine parts etc in one "package" ) to promote success | ||
*CAN be done in a corrupt/exploative manner, but assuming various watchdog organisations are involved etc, it tends to be very helpful in the serviced areas | |||
=See Also= | =See Also= | ||
Revision as of 04:22, 16 April 2020
Basics
- An emerging humanitarian effort approach
- Consists of giving small loans with little intrest typically, to people with little collatoral, employment, etc
- Similar in part to the "Teach Someone to Fish" metaphor
- Typically done to allow them to buy equipment, and start a business/service
- Is UN recomended to help aleviate poverty in developing areas (post sources later)
- Solves the The "Poor Can Only Afford to Buy A Tool Once" Issue to a certain extent
- Also goes well with Job Training and Entrepreneurial Training , and Business Plans + Business Drop Kits (forget if "drop kit" was the right term? Essentially all the paperwork, plans, and even machine parts etc in one "package" ) to promote success
- CAN be done in a corrupt/exploative manner, but assuming various watchdog organisations are involved etc, it tends to be very helpful in the serviced areas