Tuesday, November 16, 2010
Reaction to Microlending
This article finally put a light on the aftermath of what is happening in Haiti. It shows that eventhough the people of Haiti are doing better, there are still problems that need to be resolved. It sounds like these microbanks are trying to something good for their people, but it is hard because money to pay back the loans are hard to come by. It is sad to know that so many lost their lives and even more sad to think about all the people who have to live in poverty and who lost everything in the natural disasters that struck their home. It was heartbreaking to read about Mrs. Lino and how she has to support her entire family. Many women have to do this and it should not be so hard. The fact that many women use their loan in order to just put food on their families' table. I think their idea of helping the families by giving them something to sell like goats and chickens is a great plan. I would think that by letting them have the animals to make their own money and giving them a stipend to make sure they do not kill them is a better idea then just loaning them money. This way you are helping them in two ways, loaning them money and giving them a way to pay you back. Although this is not a sure fire way due to lack of money from other people it is better than nothing. I hope that these banks prosper and that the U.S. actually comes through with at least part of the money we promised because the people of Haiti have gone through a lot and deserve all the help they can get.
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