Last spring I listened to Nobel Peace Prize winner Muhammad Yunus describe how micro-credit lending is helping to eradicate poverty in Bangladesh. You may have heard of Grameen Bank. I think there was not a dry eye in the room by the time he had finished.
Well, Vancity did it again: took a great idea and brought it home to Canada. Not only that, but they’ve created a community site where people can share resources and ideas: www.microfinance.ca
There are so many creative, life-giving ways we can structure ourselves economically. Props to Vancity for this.
Very cool, I’ll be passing this along to some networks that can benefit.
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This is great news. I’ve found it frustrating that it is far easier for Canadians (and Americans for that matter) to help people who live clear across the world than it is to help those in our own backyards, especially First Nations entrepreneurs.
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I see too many “poorer” people think that banks are only there for the rich. And really, the big 5’s business models are not there for the “poorer”. There are actually a lot of business opportunities with those who are not so rich.
It would be nice to have the same program in Ontario! Why those good ideas and products always available on the west coast only?
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