Society

Poverty expert: Give the poor a hand up, not hand out

By: Michelle A Vu, Christian Post
Wednesday, 28 October 2009, 16:35 (IST)
Font Scale:A A A
“With microfinance, the money doesn’t disappear,” he said. “The loans are repaid so your money is still at work helping another family and another family and growing businesses.”

HOPE International, which Greer heads, currently has about $22 million worth of mini-loans out, helping more than 200,000 poor entrepreneurs in Eastern Europe, Africa, Asia and Latin America. There is a 99 per cent repayment rate.



continue to read > 1 | 2
Copyright © 2009 Christian Today. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without prior permission.
Have your say on this article
Society Headline
Women's bill a way to empowerment, says Christian women council

Women's bill a way to empowerment, says Christian women council

The passing of the long-pending Women's Reservation Bill, according to the All India Council of Christian Women..