APM Reports - Investigations and Documentaries from American Public Media

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Investigations and documentaries striving to raise awareness, trigger debate and prompt positive change.

More About APM Reports
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43c278 20161011 wetterlings

Update: A Sentencing, A Demand, No Closure

The sentencing of Danny Heinrich on Nov. 21, 2016, brought to a close the 27-year investigation into the abduction and murder of Jacob Wetterling. But it didn't end the story.

B487ba 20161109 dimock pad

EPA's late changes to fracking study downplayed risk of polluted drinking water

Early versions highlighted contaminated drinking water and vulnerabilities from fracking. The final version turned out differently: Fracking had not "led to widespread, systemic impacts." Oil and gas cheered the findings.

F8524c 20161107 historically black episode 8

Black Love Stories

This episode spotlights stories of enduring love among African American couples.

Caab92 20161031 historically black episode 7

The Path to Founding an HBCU

Born into slavery, William Hooper Councill founded one of the nation's first HBCUs, Alabama A&M University.

D1a7c0 20160912 duane hart

Duane Hart

He was convicted of sexually assaulting four boys around the time Jacob was abducted.

494446 20160903 wetterling home st joseph minn

Episode 9: The Truth

When Danny Heinrich confessed in court on Sept. 6 to abducting and murdering Jacob Wetterling and assaulting Jared Scheierl 27 years ago, investigators declared that at last, the public had the truth. But despite Heinrich's excruciatingly detailed accounts, the truth remains elusive. Many questions remain unanswered.

160c6e 20161024 historically black episode 6

The Question of Black Identity

Racial identity in the U.S. is complicated because race is an invented category rooted in slavery. This episode explores the question of black identity in America through the voices of four people who, at one time or another, have had to answer the question: "What are you?"

A3e749 20160930 in the dark episode 8

Episode 8: What's Going on Down There?

In November 2012, a police officer named Tom Decker was shot and killed in Cold Spring, Minn., after getting out of his car to check on a man who lived above a bar. The man was quickly arrested and held in the Stearns County jail. He was interrogated but then released without charges. The state crime bureau later ruled him out as a suspect. Investigators turned their focus to another man, Eric Thomes, who hanged himself before he could be charged with the crime. Nearly four years after the murder, Sheriff John Sanner has refused to close the case "because we're still hopeful that new information will come in," he said.

0e8b30 20160930 brian guimond

Brian Guimond

He is convinced the Stearns County Sheriff's Office hasn't looked hard enough for his son, who disappeared 14 years ago.

4e287e 20160930 ryan larson full

Ryan Larson

He was detained in connection with the 2012 shooting of a Cold Spring police officer, but later declared not a suspect.

0b8542 20161017 historically black 5

Harlem Through James Van Der Zee's Lens

James Van Der Zee was a celebrated African American photographer who documented black New York for much of the 20th century.

40ef78 20160930 rita reker

Rita Reker

The woman Patty Wetterling didn't want to see.


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.


APM Reports - Investigations and Documentaries from American Public Media

What We Do

Investigations and documentaries striving to raise awareness, trigger debate and prompt positive change.

More About APM Reports
Be informed: Get notified when APM Reports publishes new stories.

Recent Stories


43c278 20161011 wetterlings

Update: A Sentencing, A Demand, No Closure

The sentencing of Danny Heinrich on Nov. 21, 2016, brought to a close the 27-year investigation into the abduction and murder of Jacob Wetterling. But it didn't end the story.

B487ba 20161109 dimock pad

EPA's late changes to fracking study downplayed risk of polluted drinking water

Early versions highlighted contaminated drinking water and vulnerabilities from fracking. The final version turned out differently: Fracking had not "led to widespread, systemic impacts." Oil and gas cheered the findings.

F8524c 20161107 historically black episode 8

Black Love Stories

This episode spotlights stories of enduring love among African American couples.

Caab92 20161031 historically black episode 7

The Path to Founding an HBCU

Born into slavery, William Hooper Councill founded one of the nation's first HBCUs, Alabama A&M University.

D1a7c0 20160912 duane hart

Duane Hart

He was convicted of sexually assaulting four boys around the time Jacob was abducted.

494446 20160903 wetterling home st joseph minn

Episode 9: The Truth

When Danny Heinrich confessed in court on Sept. 6 to abducting and murdering Jacob Wetterling and assaulting Jared Scheierl 27 years ago, investigators declared that at last, the public had the truth. But despite Heinrich's excruciatingly detailed accounts, the truth remains elusive. Many questions remain unanswered.

160c6e 20161024 historically black episode 6

The Question of Black Identity

Racial identity in the U.S. is complicated because race is an invented category rooted in slavery. This episode explores the question of black identity in America through the voices of four people who, at one time or another, have had to answer the question: "What are you?"

A3e749 20160930 in the dark episode 8

Episode 8: What's Going on Down There?

In November 2012, a police officer named Tom Decker was shot and killed in Cold Spring, Minn., after getting out of his car to check on a man who lived above a bar. The man was quickly arrested and held in the Stearns County jail. He was interrogated but then released without charges. The state crime bureau later ruled him out as a suspect. Investigators turned their focus to another man, Eric Thomes, who hanged himself before he could be charged with the crime. Nearly four years after the murder, Sheriff John Sanner has refused to close the case "because we're still hopeful that new information will come in," he said.

0e8b30 20160930 brian guimond

Brian Guimond

He is convinced the Stearns County Sheriff's Office hasn't looked hard enough for his son, who disappeared 14 years ago.

4e287e 20160930 ryan larson full

Ryan Larson

He was detained in connection with the 2012 shooting of a Cold Spring police officer, but later declared not a suspect.

0b8542 20161017 historically black 5

Harlem Through James Van Der Zee's Lens

James Van Der Zee was a celebrated African American photographer who documented black New York for much of the 20th century.

40ef78 20160930 rita reker

Rita Reker

The woman Patty Wetterling didn't want to see.