SETTING UP POOR PEOPLE FOR LIFE 2
It has been said (paraphrasing an old saying): give a poor man a fish and you’ve fed him for a day, set him up to fish and you’ve set him up for life. This is exactly what ACCION has achieved and continues to achieve. This is why the b5media Business Channel is holding a 24-hour Great Blog Off to promote ACCION and, with your help, generate donations. Starting with this post, Accounting Solver will be posting every hour for the next 24 hours.
With a 97% historical repayment rate and low administrative costs, ACCION is able to create an ever-widening ripple of poor people microbusinesses. It is a not-for-profit organization; thus, the interests & fees earned go to setting up more livelihood for more poor people. In effect, poor people are able to help other poor people. 65% of ACCION’s microlending go to women, the more disadvantaged sector in the disadvantaged sectors of developing countries.
If you want your $$$$ to have the maximum & optimum effect on poor people, donations are accepted at www.accion.org/b5media. Donations are tax deductible.
This post is part of the b5media Business Channel Great Blog Off! Find out more about the Blog Off at http://www.b5media.com/b5media-blogs-for-a-cause.
Great BlogOff logo by Arieanna Schweber, ACCION logo from www.accion.org, images from Microsoft Clipart reconstructed by Ren Garcia
Comments
2 Responses to “SETTING UP POOR PEOPLE FOR LIFE 2”Trackbacks
Check out what others are saying about this post...[...] Against Barack Obama: Say No To Barack Obamaâ??s Socialism wrote an interesting post today onHere’s a quick excerptSETTING UP POOR PEOPLE FOR LIFE 2 It has been said (paraphrasing an old saying): give a poor man a fish and you’ve fed him for a day, set him up to fish and you’ve set him up for life. This is exactly what ACCION has achieved and continues to achieve. This is why the b5media Business Channel is holding a 24-hour Great Blog Off to promote ACCION and, with your help, generate donations. Starting with this post, Accounting Solver will be posting every hour for the next 24 hours. With a 97% hist [...]
[...] 5, Accounting Solver. Ren did an amazing job of explaining economic realities and the effect of microfinance on the poor. He kicks things off with a succinct explanation of why sustainability is important. [...]