Warsaw Wow, mama, how can this be? I’m stuck in Warsaw with the Toronto blues again! I had noticed there was a readership spike on my blog on Saturday. A Saturday is not a big day for blog readers, friends, and as vitally important as microfinance and poverty is, it was hard for me to …
Category: ACORN International
Studies Find Microfinance Does Not Reduce Poverty, Assets Do
Hamburg Several years ago ACORN International did a research report that seemed heresy to many, but started from the simple proposition that since microfinance is debt, debt does not reduce poverty, therefore the value of microfinance was the same as buying a job through an employment agency: work at a steep price. For many the …
Demanding a Suspension of Remittance Fees During Disasters
Newark An 8.3 level earthquake hit Chile in recent days. The quake lasted three minutes. The tsunami carried boats from the port onto city streets along the coast. One million people were evacuated. Over 100,000 continue not to have electricity. Many are displaced. Amazingly, the death count has been relatively minor for such a tragedy …