American RadioWorks |
A student learns welding at a vocational high school in Massachusetts. (Photo: Emily Hanford)

Ready to Work

Vocational education was once a staple of American schooling, preparing some kids for blue-collar futures while others were put on a path to college. Today the new mantra is "college for all." But not everyone wants to go to college, and more than half of jobs don't require a bachelor's degree. Many experts say it's time to bring back career and technical education. This American RadioWorks documentary explores how vocational education is being reimagined.

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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 |
A student learns welding at a vocational high school in Massachusetts. (Photo: Emily Hanford)

Ready to Work

Vocational education was once a staple of American schooling, preparing some kids for blue-collar futures while others were put on a path to college. Today the new mantra is "college for all." But not everyone wants to go to college, and more than half of jobs don't require a bachelor's degree. Many experts say it's time to bring back career and technical education. This American RadioWorks documentary explores how vocational education is being reimagined.

Recent Posts

  • 04.28.16

    “My Frain is Bried”: Shadowing a Student

    "Welcome to our world." Educators take an entire school day to shadow a student and walk in their shoes. We find out how it went for one teacher.
  • 04.21.16

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    Want a job? So does every student ever! Maybe career and technical education classes are the way to go. Shaun Dougherty says you could be more likely to graduate and earn more if you do.
  • 04.14.16

    How Tutoring Helps Students

    Private tutoring is no longer just for the rich kids. Our guest tells us how the individual attention improves student learning and graduation rates.
  • 04.07.16

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    In our last episode, Andrew Hacker argued that math courses like algebra are unnecessary for most high schoolers. This week's guest couldn't disagree more.