March 27, 2007
Today’s NYT has an op-ed by Nicholas Kristof recommending the work of micro-finance organizations, like Kiva, whom we’ve mentioned before.
Kristof writes in “You, Too, Can Be a Banker to the Poor” (TimesSelect) that “Small loans to entrepreneurs are now widely recognized as an important tool against poverty.”
He also rightly observes that “Web sites like Kiva are useful partly because they connect the donor directly to the beneficiary, without going through a bureaucratic and expensive layer of aid groups in between.” This is an aspect of globalization and the connectedness of the Internet that we rarely hear about. Continue Reading...