SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

Reply
 
Thread Tools Display Modes
  #1  
Old October 15, 2008, 10:12 AM
SteveSki
 
Posts: n/a
Default Re: Define Poverty...

Quote:
Originally Posted by Ankesh View Post
Millions of people didn't GET poor. They were BORN poor.

How would you go about teaching them to become productive?

Great question Ankesh!

I'm not sure what the best way to do that would be but I recall reading in the book "INFLUENCER - The Power To Change Anything"
about someone in India who started to give out micro loans to poor people so they could start businesses.

And the success rate of those he helps is very high!

Some people just need a hand up - not a hand out.

Cheers,
Steve Shulenski
Reply With Quote
  #2  
Old October 15, 2008, 10:17 AM
Ankesh's Avatar
Ankesh Ankesh is offline
Senior Member
 
Join Date: Sep 2006
Location: Mumbai, India
Posts: 693
Default Re: Define Poverty...

Thanks Steve.

That someone is Muhammad Yunus. He is from Bangladesh. He started the Grameen Bank. Which has been modeled by a lot of other countries now.

And the bank had 98% rate of loan payback because Muhammad gave out loans only when people who wanted money grouped together.

The groups added to peer pressure - the groups made sure that each member paid their loans on time. And each person worked hard. The group also worked as a mastermind - helping a member with difficulties.

So it wasn't just micro-financing. It was micro-financing + groups that did that trick.
Reply With Quote
  #3  
Old October 15, 2008, 12:41 PM
KenWeyer
 
Posts: n/a
Default Re: How To Eradicate Poverty

Ankesh,

I was going to mention micro-financing!

I think that is a great way to give a hand up and not a hand out.

I am wanting to invest in micro-financing.

A question for everyone. Which organization should be invested in? Which is on the level with the money going to help the people and mot the administration? Which helps the most people? Where would my money do the most good?

OK. It was more than one question but you get my drift.

Thanks,
Ken
Reply With Quote
  #4  
Old October 15, 2008, 01:32 PM
Ankesh's Avatar
Ankesh Ankesh is offline
Senior Member
 
Join Date: Sep 2006
Location: Mumbai, India
Posts: 693
Default Re: How To Eradicate Poverty

http://www.kiva.org is a good bet. (No personal experience though - but have heard good things.)
Reply With Quote
  #5  
Old October 15, 2008, 05:18 PM
KenWeyer
 
Posts: n/a
Default Re: How To Eradicate Poverty

Thanks, I have heard of them. I was looking at World Vision. Do you know anything about them?

Ken
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine)

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 01:10 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.