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Micro loans
Larson, James Guffey, James Espana, Juan
Larson, James
Guffey, James
Espana, Juan
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n10483.pdf
Adobe PDF, 75.7 KB
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Abstract
Many countries in Africa are torn apart by genocide and disease. The result is that millions of people are left impoverished and with no hope for a future with any quality of life. Genocide and AIDs have left orphans and single parent families to try and fend for themselves in cultures that rely on the husband/father as the core wage earner. The slums in Nairobi, Kenya, are populated by millions of inhabitants who thrive on a meager sustenance, wondering each day where their next meal will come from. In Bunia, Congo, thousands of orphans are starving and lack even meager medical care. The genocide in Rwanda killed almost a million people, leaving orphans and unskilled single mothers trying to do the work left behind by their slain husbands. Micro loans are one solution to the plight of the impoverished. The loans give an opportunity to slum inhabitants and single mothers with children to improve the quality of their lives and give them back the self esteem that they lost when circumstances forced them into a situation of not being able to fend for themselves. These loans give the opportunity that many of inhabitants of the slums are looking for and at the same time teach them to fend for themselves without trying to seek aid from a government that doesn’t have the money to give the needed aid. The primary purpose of this article is to examine the benefits of micro loans to the impoverished and the organizations involved.
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2011-01
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With permission of the license/copyright holder