Action USA - the most successful in our loan fund "since 1991, more than 20,000 people, the money lent." From the perspective of all things, and this should be considered: the loan funds, but most of the 10 and 50 years of client service. Village has been operating for more than 20 years as a $ 4 billion they have lent to the poorest of the poor 7. This is still only the success of micro finance in developing countries has been to reach measurable.
A possible solution is?
Throughout the summer, I have a vision to create a micro-credit program has been working on, Rhode Island. I did more research, I am more excited by the opportunities are limited. After all, when it was a year of good credit, a concept and a model with which to reach 500,000 people a year to reach 50, you are working, and that the U.S. has spoken about the project, my group will be in Washington to demand a copy of the credit Lack of:, New York, elsewhere in New Haven, and yet, we always have the same problem.
I have a solution to the problem is that this time, there was, and I think I may be the target? Last week myself and Alan Harlam, those projects, who are deeply involved in immigration matters, and who is teaching a non-profit meetings with members from a variety of ways to help the immigrants. He mentioned that during the conversation, if we have a car, citizenship, and the charge for filing a loan for repairs on it, then, we are literally inundated with people looking out of debt.
First, we are proposing, rural entrepreneurs, and that is all they need is an idea that we are allowed to save on capital costs, so we created and compared to some other business start-up costs for small loans was astonished to be angry? At the same time, however, we knew that the high cost of living in the United States with a micro finance costs and the start-up. All of a sudden, a light bulb went off in our head, how to care for a poor person as the United States if they are behind in their rent payments on a loan from the start,, schoolbooks for their children, or you can take the money they thought was not a citizen ? In other words, the United States from a poor person, they take a loan out of business when they are just two of them, they all cost estimates are needed to start work?
What we realized was that if we are a small, important to have a future home - the type of loan, if they are from the first loan, has been used, you can get back on their feet. Once their life is more stable, because they are legal citizens or because they now have a roof over their heads, then they can start thinking of opening a business. And guess what? We have their first business loan, I have, and then we will set up their relationship and their loans will help you. The problem is that the American people are very entrepreneurial, and it's OK for them to be entrepreneurial and be the first time it will take care of other needs! Our central innovation is that we have business development loan, or just can not merely for our debt - $ 500 and $ 5,000 to start moving up - the home - based business, but they will be used to cover other necessary expenses. What are the key things to remember is that when things get this for the money, but they are loan sharks or family and friends do - they have a high financial cost. Our work will be easier, more transparent and can be more affordable.
Social Innovation on the parallel
We have to change, it does not stop. We think we are coming up the social collateral is a way to use the loan repayment. Parallel social history (ie, they need not be parallel because of their traditional borrowers) is a customer (usually women) need to create a form for the credit cycle, the group I am a loan default, no one other than the down payment borrowed. Listen to some of the banking world, and the poor societies in dealing with them - that the model repayment rate, which cost about 98% of rural has to be enabled. That said, the social lending model proved difficult, because people live farther from each other, and this is the biweekly group meetings to get one if you need to apply for a loan has been difficult. What's more, their social ties that were simply not available to many.
So our thinking is this: that our borrowers with the current team is already working on a day of use. Has been the implementation of our community partners to fund the loan. Incentive for the borrower is repaying the loan if they are, it will be reflected in poor communities, partners, and their partners do not want to provide essential services. We have some more research and focus groups (which we want to work), then you need to make sure that we have the right to manage, but if we turn out to be correct, then, can we know the U.S. Micro will be able to fire off!
Suitable for a Community Development Bank
If we are interested in our loans with people in a flood, and if the project reaches to the rapid growth and scale, we have a community development bank loans to fund more than a mere thought can begin. We have only once exceeded that of micro-credit, we are really exciting to start a community to reinvest it in countless ways. Ideally, the banks and borrowers will be submitted to ensure that all of the benefits of community ownership.
If this is not the end, we have a model that is replicable, and will be revolutionary. It is poverty alleviation, economic development, renewable energy, education loans, can provide a good school - what are we if we can roll from the end. The important thing is to fix any problems - social, environmental or infrastructure - an innovative way of thinking is an existing business solutions. A community development banks, such as that should be our goal!
No comments:
Post a Comment