Edinburgh We have real deserts like Sahara, the Gobi, Mohave, or Chihuahuan in the world. We have food “deserts” in many lower income communities with little choice but mom-and-pops, corner stores, kiosks, and bodegas to serve millions. Now there’s increasing evidence that banks have been allowed to build “credit deserts” in many cities, and work …
Category: Citizen Wealth
RushCard and United Kingdom Lending to Lower Income Families
London The Community Reinvestment Act (CRA) in the USA is pushing 40 years old, and even in its relatively weakened state, there is no question that joined with the Home Mortgage Disclosure Act (HMDA) it has been for most of its history a huge tool for opening increased financial opportunity to lower income families and …
Fighting “Insecurity” in Korogocho
Nairobi From after midnight until sometime after 2 AM, sleeping didn’t come easily at Shalom House. Somewhere behind me was an extremely enthusiastic church service amplified with shouts, singing, and applause and undoubtedly a joyous rendering unto the Lord undampened by rain and unintimidated by the hopes of many, including myself, still trying to sleep. …