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Comments about "Portman talks microfinance"
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18 Comments on this article:
MIcrofinance is an incredible tool to empower individuals and alleviate poverty, and it's refreshing to see someone of Portman's status using ther visibility to encourage social responsibility. I wish I could have gone -- Kudos Natalie.
FINCA's web site is www.villagebanking.org, not the URL listed above.
FINCA International's website is misprinted in the article above. For more information about FINCA, please visit: www.villagebanking.org
“It has been absolutely compelling to meet women who are ready to make decisions and break out of financial disenfranchisement,” Portman said. “When you meet a mother who is forced to sign a letter with a thumb print because she can’t read or write and then you meet her daughter who is graduating from university to go to med school, this change all in one generation is simply overwhelming. And it’s only because of microfinance.”
......
Everyone in America is not a candidate for a college degree or a candidate to become a doctor just because they have financial backing for their education. Putting an ATM in Calcutta or in Burundi does not solve any economic problems in these areas of the world. In some parts of Africa,your cattle is your savings and bank account.
Also, you should be selling your world banking or charitable cause ideas to the local banks and see if they will offer no-interest banking to people who are willing to sponsor this type of charity and thus give 2-4% of your deposited cash to your designated charity. Charity begins at home, and if you have the millions or billions to spare, you are socially and financially able to sing "We are the World" in soprano or in tenor.
Where is a Hollywood Renta-Think-Tank when you need one?
Students, "Can you spare a dime?" Take a dime from the Trillion dollar war in Iraq. If we can afford War, we can afford Peace.
Israeli Portman Speaks: Another Twit Convention on the other side of the political fence! if you ask me.
Microfinance is another word for income redistribution.
I thoroughly enjoyed the photos of Miss Portman's tearful performance. I find it fascinating that people like her can stand up there weeping in $1500 shoes, while trying to get in my wallet.
It's hard standing in those shoes Riley--It's damn hard.
Apparently you don't know what Microfinance is. It has nothing to do with getting in your wallet. Microfinance is all about loans. Loans. Not charity. Loans. That you means you get paid back. FINCA, like most other microfinance organizations (Kiva, etc), has a97% return rate.
Not true. YOU don't get paid back. Maybe you should read the site more carefully. I hope you didn't open your wallet too wide expecting to get paid back. LOL
I don't mind donating $40 to a microfinance organization if it's going to an institution that will lend $20 to a poor farmer in Bolivia. It cuts out the middle man banking corporation, who will most likely have a ton of other administrative responsibilties already (business for people WITH money).
If a microfinance organization like FINCA can lend a farmer $20, who will eventually have to pay it back, and then pass it on to another person in need -- it is very grassroots. The concept is to build momentum without a lot of red tape.
I heard about this rich Indian man who does microfinancing to people in India. As little as $20 to someone that may be starting a cattle business.. just enough to buy whatever materials they need for some baby animals. And, the most inspiring thing was that the man was from his own country -- not from the first world to the third -- which I thought was rare and extremely admirable.
when did celebrities start becoming our authorities for all things social justice? What the hell is wrong with our world?!!!
And rest of the world aside, when did Stanford's community start to think, "gee, you know who would be the best person to talk to our school community about this, not the nobel peace prize winner who implemented the microfinance program all across south asia, but that girl who played that stripper in that movie and that other thing she was in where she was really annoying". WTF?!!? Isn't Stanford suppose to hold itself up to a higher standard? Is there nothing more that you can offer your community or any more that you expect from them?? Is this really the best person you could find for this? Shame on you. Shame on us.
A million little rentiers, a million little shackles.
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