Me A Banker?
Author: ben Post Date: March 27 2007Did you ever think growing up that you wanted to be banker? I didn’t. I never once gave thought that I wanted to be a banker, that is until a few weeks ago. I was listening to a Mars Hill, Grand Rapids, podcast about the new vision the church was taking to help the poor in Grand Rapids, greater Michigan and the World. One of the ways they talked about helping was by setting aside money for micro-loans. Micro-loans are small loans ($40 - $500) with no interest given out to people in impoverished regions all over the globe to help them build their business and get them out of extreme poverty. I was floored by the idea.
The guy behind the idea Muhammad Yunus created the Grameen Bank in 1976 to make loans to poor Bangladeshis and the idea has slowly caught on and more and more people are getting involved around the world. Yunus is the only Economist to ever win the Noble Peace Prize for his work with micro-economics (micro-loans) and author of Banker to the Poor.
I have been pounding my head against the wall in anticipation till I could make my first donation to a group making micro-loans ever since that day. Well, today I became a banker (maybe better said an investor in a bank) with World Vision’s Microenterprise Development. They have 457,918 clients in 47 countries totaling $237,710,941 in loans with a 98% repayment rate and 66% of their clients are women.
There are many great organizations that are making micro-loans out there, please take some time and research the whole idea of micro-loans and see if this is one way you could help end extreme poverty. Every person counts, every contribution makes an impact so find some way to wage battle against extreme poverty.
Thoughts?
[tags]micro-loans, Muhammad Yunus, World Vision, poverty[/tags]



