American RadioWorks |
Photos: Stephen Smith

Thirsty Planet

Scientists say most people on Earth will first experience climate change in terms of water -- either too much or too little. This documentary explores some of the most pressing water problems and some innovative solutions by visiting two countries where water issues are critical: India and Israel. A vast and ecologically diverse country, India suffers from water problems found across the globe: flooding, drought, pollution, and lack of access by the poor. In Israel, a combination of cutting-edge technology and sweeping government policy has largely solved the nation's long struggle with water scarcity. But the benefits of abundant water are not shared equally throughout Israel and the West Bank.

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in collaboration with Spotlight on Poverty and Opportunity

Get banks to fund a microcredit program for poor in the United States

File under: income, microfinance, geneva global, opportunity international, HOPE International, mediamavens.com, enrichment.com

4 (1 votes)

From: Mike S., Ft. Lauderdale, FL

Microcredit (or microfinance) is working in developing countries. Poor, working people (primarily women) are given a small loan, funded by donors through an NGO (non-governmental organization), to operate a small business. This lifts them and their family out of intractable, chronic poverty.

Microcredit hasn't had a real launch in the United States, because the small loans would obviously have to be larger here than what they would be in the developing world.

Let a bank -- e.g., Bank of America -- sponsor a fund that would be targeted to poor, working people in each of the market areas of each branch bank. Monies to loan out would come in through bank customer donations (the bank could appeal to customers to give "x" dollars each month from their checking accounts), and through a percentage of the bank's own monies. The bank would work with one or more acknowledged microfinance agencies for distribution.

The public relations for the bank would be terrific; this could be a customer magnet for new accounts, far offsetting whatever the bank would be doling out.


Comments:

Tina W.
From Minneapolis, MN

Like with many things in the US I would be afraid it would be exploited. However it could work if the people "donating" the money got their money back when the borrower begins paying back the loan. This is how Prosper Marketplace, Inc works. But, I like this idea. Give everyone who wants it a reason to be proud of themselves, and feel good about giving back to their local economy. The biggest problem as I see it, is that you have to use people in order to get ahead these days. This is why I will never have enough to make ends meet. But a bunch of small local businesses who can even barter would be good. A little money is exchanged, a promise to help when needed, and the heart of our communities could be returned too.


American RadioWorks |
Photos: Stephen Smith

Thirsty Planet

Scientists say most people on Earth will first experience climate change in terms of water -- either too much or too little. This documentary explores some of the most pressing water problems and some innovative solutions by visiting two countries where water issues are critical: India and Israel. A vast and ecologically diverse country, India suffers from water problems found across the globe: flooding, drought, pollution, and lack of access by the poor. In Israel, a combination of cutting-edge technology and sweeping government policy has largely solved the nation's long struggle with water scarcity. But the benefits of abundant water are not shared equally throughout Israel and the West Bank.

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    What's the role of a school in a rural town? We begin our series on rural schools by looking at a state where the fight has been particularly fierce: Vermont.
  • 06.09.16

    How Do We Learn Better: Digital or Print?

    Do you understand facts better online or in print? New research has massive implications for teaching in the 21st century.
  • 06.02.16

    Theological Schools Feel the Squeeze

    Theological schools are straining for cash as they suffer from drops in enrollment over the past few years. Our guest tells us how they are dealing with it.
  • 05.26.16

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    Our guest says the so-called 'invisible tax' on teachers of color leads to burnout at a time when teachers of color are already leaving the profession more quickly than their white colleagues.