The world is a better place with effective microfinancing entities offering loans to people with drive, initiative and dreams who haven't found the finances to move forward. With the Nobel Committee's recognition of Muhammed Yunnus in 2006, a world of attention fell upon this unique and highly effective way to get folks up out of poverty and into their local economies.An article I recently came across details and briefly discusses efforts by Kiva, another well known microfinance lender, to begin operations in the United States. The perspective of the author is that these loans should have "green" and socially responsible prerequisites.
I agree with that perspective. Kiva has the chance to create very clear and achievable criteria for those who seek loans from them. This criteria should not support business which harms the environment or is not supportive of social responsibility.
What do you think? If you agree, get in touch with Kiva to let them know that sustainability must be at the forefront of their decision to loan. This organization has done an excellent job thus far and I am certain they will continue to pave the way and can do so in a manner supportive of a green economy.
Other excellent microlenders are:
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