microloan- a small loan given to individuals who might not have access to typical baking services, usually to start or expand small, self sufficient businesses
Who prides microloans?
- kiva.org is the best known
- has given away half a billion dollars in loans
- Kiva's repayment rate is 99.01%
Who receives them?
- microentrepreneurs who are trying to get a kickstart
- villagers needing to fund a clinic, hospital, or heal care center
- teachers trying to run a school
- students wanting to advance their education
Problems with microloans?
- high interest rates
- cost of providing banking services
How do they help?
- take place of banking services
Challegnes
- substandard education
- poor health care
Malaria
- means bad air
- a mosquito-borne infectious disease
- humans and animals can be infected through the bite of a female mosquito
- to vaccine exists
- kills around 665,000 people a year, many of them children in sub-Saharan Africa
- mosquito nets can be effective
Philanthropy
- is the generous donation of money to good causes, and Bill and Melinda Gates are the second gratest philanthropists in hisotry. ($28 billion, 1/3 of their wealth)
- they support research and developemnt for a vaccine,diagnostics, and mosquito-control measures- like mosquito nets
No comments:
Post a Comment