American RadioWorks |
Wordle of responses to our Public Insight Network query on adjuncts.

Adjuncts Unite

What would higher education look like without adjunct professors? That’s what a grass-roots group of academics is trying to prove by holding a National Adjunct Walk-out Day on February 25.

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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 |
Wordle of responses to our Public Insight Network query on adjuncts.

Adjuncts Unite

What would higher education look like without adjunct professors? That’s what a grass-roots group of academics is trying to prove by holding a National Adjunct Walk-out Day on February 25.

Recent Posts

  • 02.19.15

    To Test or Not to Test?

    Sometime in the next few weeks, Senate Republicans and Democrats will vote to reauthorize The No Child Left Behind Act of 2001. On the podcast this week, we talk to two education advocates who differ on how and when we should test our kids.
  • 02.11.15

    Looking back: An Imperfect Revolution

    In June 2007, the U.S. Supreme Court struck down school desegregation plans that look at students’ race. This week on the podcast, we’re featuring our 2007 documentary, “An Imperfect Revolution: Voices from the Desegregation Era,"
  • 02.04.15

    Are HBCUs the Key to Producing More African American Physicians?

    We talk to a Dallas doctor who thinks HBCUs may be the best pathways for African Americans interested in careers in medicine.
  • 01.28.15

    Boosting Black Male Student Achievement

    The Minneapolis Public School District created an Office of Black Male Student Achievement earlier this year. One goal of the office is to help young African American men graduate from high school in greater numbers.