Sean Brodrick posted an article that brought back memories of a campaign to promote MicroLoans as a good cause to help the poor do something better with their lifes by offering them micro-Loans,Yes,you heard right,by offering loans.
India's growing number of microfinance-related deaths amounted to 14,364 suicide cases in the first nine months of 2010.Here's the a vid I came across on www.ted.com promoting it as a good cause.Although,I'm sure Jessica Jackley's motives were sincerely out of thinking she would be doing them a great deal of help.But unfortunately,selling debt is far from help and more comparable to Joseph's brothers selling him in to slavery or selling crack or herion.
My advice to Jessica Jackley,read a book on economics 101.
Here's the Vid and an article discribing it's exact results:
The article:http://bit.ly/eAw1PQ
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