Banker To The Poor: Micro-Lending and the Battle Against World Poverty
by Muhammad Yunus documents how this noble peace prize winner has changed the lives of millions.
I just finished reading his latest:
Creating a World Without Poverty: Social Business and the Future of Capitalism
by Muhammad Yunus
Which was really great too. Apostolics have been so set on the Great Commission that we have mostly ignored the Great Commandment. The challenge will be to become more involved in social ministries without sacrificing our evangelism.
Well, I just wanted to give you an update on my Kiva experience. So far, my loans have been repaid anywhere from 25% to 31%. They are being faithful and diligent to repay. When the loans are repaid in full, I will get the money back in my Kiva account and then I can choose to reinvest it in another small business owner or I can get the money sent to me. I'm sure I will reinvest it, as I am a firm believer in micro-loans in these third world countries.
Just an update:
Since I started loaning to Kiva, I have made 10 loans total, and two of them are 100% repaid, with two more almost repaid in full. I have loaned to small business owners in Ghana, Tanzania, Paraguay, Cameroon, Togo, and Uganda. It is such a good feeling to be able to share just $25-$50 at a time to help someone in a 3rd world country get a business started!
I would encourage everyone to get involved in micro-loans. It's such a blessing to those on the receiving end.
Just an update - I have now loaned a total of $525 to Kiva recipients and four of them have totally repaid me back. Several of the others are nearly paid; I haven't had any bad experiences yet. Usually I loan $25 to $50 each, and they pay back a percentage each month.
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