How Would you like to be linked to Poor Individuals all over the World?
Are you ready to discover the beauty and the psychological benefits that come from doing something good? Lending money to the poor through microfinance is the way to go. You can make the microfinance loans through charitable organizations and the Web. Brought to the highlight by Muhammad Yunus, Microcredit is the practice of making small loans to the world's poor. What is surprising to investors is that, according to Wall Street Journal, more than 97% of the loan recipients pay their loans back. Who said that the poor were not creditworthy?
If you are a high-networth individual, there are a lot of groups that are willing to help you meet the right group of people to loan some cash to. Calvert which his a national financial services organization with TIAA-CREF, international microfinance organization Accion are helping people, investors make small loans of 3 to 4 years to individuals all over the world.
Last October, Ebay launched MicroPlace to help connect you with the needy of the world. It is known as a place for microfinance for investors. Go to Microplace.com to find out.
In the past few years, Kiva.org has attracted a lot of attention to microfinance. Individuals could select a recipient and contribute $25.00 or more online. Once the money is repaid, the investor can choose to lend again.
Accion's Global Bridge Fund allows individual investors to lend money to the funds and earn interest while their pooled funds support small to midsize microfinance institutions. Like Calvert, Accion guarantees the fund which is not rated by rating agencies.
Additional Resources:
Visit Microcreditcapital.com
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