American RadioWorks |
boots-to-books

From Boots to Books

The longest war in American history is drawing to a close. Now, the men and women who served are coming home, and many hope to use higher education to build new, better lives. They have help from the Post-9/11 GI Bill, a piece of legislation that many advocates say offers more support to returning veterans than any policy since the original GI Bill of 1944. In this documentary, we explore how the first GI Bill revolutionized the lives of millions of young veterans, America’s institutions of higher education, and American society at large. But America’s economic and academic systems have changed, and veterans today are returning to a very different reality than their predecessors.

Recent Posts

  • 09.03.15

    The history of the GI Bill

    A staggering 16 million soldiers returned home from World War II, and millions of them went to school. Because GI Bill benefits were generous enough to pay for any college in the country, veterans flooded all types of institutions, from elite schools like Harvard to large state schools, to vocational schools. By 1947, half of all college students in America were veterans.
  • 09.03.15

    The front lines of the long journey home

    Colleges and universities have become the front lines of one of the great challenges posed by war: how to reintegrate the people who've served.
  • 09.03.15

    The GI Bill: One of the last great economic ladders?

    The Post-9/11 GI Bill was supposed to change where veterans could go to college by giving them more money, and, therefore, more options. But since the new bill went into effect in 2009, the percentage of veterans enrolling at four-year public and private nonprofit schools has barely budged.
  • 08.27.15

    A different approach to teacher learning: Lesson study

    In the United States, we tend to think that improving education is about improving teachers - recruiting better ones, firing bad ones. But the Japanese think about improving teaching. It's a very different idea.


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 |
boots-to-books

From Boots to Books

The longest war in American history is drawing to a close. Now, the men and women who served are coming home, and many hope to use higher education to build new, better lives. They have help from the Post-9/11 GI Bill, a piece of legislation that many advocates say offers more support to returning veterans than any policy since the original GI Bill of 1944. In this documentary, we explore how the first GI Bill revolutionized the lives of millions of young veterans, America’s institutions of higher education, and American society at large. But America’s economic and academic systems have changed, and veterans today are returning to a very different reality than their predecessors.

Recent Posts

  • 09.03.15

    The history of the GI Bill

    A staggering 16 million soldiers returned home from World War II, and millions of them went to school. Because GI Bill benefits were generous enough to pay for any college in the country, veterans flooded all types of institutions, from elite schools like Harvard to large state schools, to vocational schools. By 1947, half of all college students in America were veterans.
  • 09.03.15

    The front lines of the long journey home

    Colleges and universities have become the front lines of one of the great challenges posed by war: how to reintegrate the people who've served.
  • 09.03.15

    The GI Bill: One of the last great economic ladders?

    The Post-9/11 GI Bill was supposed to change where veterans could go to college by giving them more money, and, therefore, more options. But since the new bill went into effect in 2009, the percentage of veterans enrolling at four-year public and private nonprofit schools has barely budged.
  • 08.27.15

    A different approach to teacher learning: Lesson study

    In the United States, we tend to think that improving education is about improving teachers - recruiting better ones, firing bad ones. But the Japanese think about improving teaching. It's a very different idea.