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Originally Posted by Kevin
It seems like a fairly shady deal. From what I've found in research, these microlending banks charge ricockulous interest rates on these loans and keep it all. A donor takes all the risk and they get all the profit. I know it's a charity thing, but why not just give directly to charity?
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There are many microlending orgs that try really hard to prevent this I know of one or two (not Kiva) that actually form recipient communities and provide education in business and even healthcare to loan recipients and their kids. There are some truly great programs out there.
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It may be said with rough accuracy that there are three stages in the life of a strong people. First, it is a small power, and fights small powers. Then it is a great power, and fights great powers. Then it is a great power, and fights small powers, but pretends that they are great powers, in order to rekindle the ashes of its ancient emotion and vanity.-- G.K. Chesterton
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