Acton Institute Powerblog Archives

Post Tagged 'micro-finance'

Jean Marie’s Abundant Harvest

“For as the soil makes the sprout come up and a garden causes seeds to grow, so the Sovereign Lord will make righteousness and praise spring up before all nations.” -Isaiah 61:11 Jean Marie owns a restaurant and farm in southern Rwanda. Continue Reading...

Microfinance Challenged

PowerBlog has in the past endorsed the concept of micro-loans as a market-friendly and thereby effective way of aiding the poor, especially in developing countries. Now Arneel Karnani has attacked microfinance in a prestigious publication, largely on the basis of macroeconomic data. Continue Reading...

Kristof on Kiva

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...