American RadioWorks |
Photo: Daniel Buchanan

How to help students hope

A polling expert finds students less engaged with school as they get older. Brandon Busteed from Gallup Education says if schools taught to strengths instead of weaknesses, more students would be successful in school and in life.

Recent Posts

  • 10.21.14

    Making it stick

    Why do we remember some things, and forget others? That's what author Peter Brown and psychologists Henry Roediger and Mark McDaniel set out to answer in their new book Make It Stick: The Science of Successful Learning.
  • 10.14.14

    What teachers need

    Education correspondent Emily Hanford talks with author Elizabeth Green about her new book, Building a Better Teacher: How Teaching Works (and How to Teach It to Everyone).
  • 10.07.14

    Intelligence is achievable and other lessons from The Teacher Wars

    Education correspondent Emily Hanford continues her conversation with Dana Goldstein, author of The Teacher Wars.
  • 10.01.14

    Teaching: The most embattled profession

    Education correspondent Emily Hanford talks with bestselling author Dana Goldstein about her new book, The Teacher Wars.


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 |
Photo: Daniel Buchanan

How to help students hope

A polling expert finds students less engaged with school as they get older. Brandon Busteed from Gallup Education says if schools taught to strengths instead of weaknesses, more students would be successful in school and in life.

Recent Posts

  • 10.21.14

    Making it stick

    Why do we remember some things, and forget others? That's what author Peter Brown and psychologists Henry Roediger and Mark McDaniel set out to answer in their new book Make It Stick: The Science of Successful Learning.
  • 10.14.14

    What teachers need

    Education correspondent Emily Hanford talks with author Elizabeth Green about her new book, Building a Better Teacher: How Teaching Works (and How to Teach It to Everyone).
  • 10.07.14

    Intelligence is achievable and other lessons from The Teacher Wars

    Education correspondent Emily Hanford continues her conversation with Dana Goldstein, author of The Teacher Wars.
  • 10.01.14

    Teaching: The most embattled profession

    Education correspondent Emily Hanford talks with bestselling author Dana Goldstein about her new book, The Teacher Wars.