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Thursday, April 5, 2007

More about micro-lending

Nicholas Kristof wrote about micro-enterprise in his March 27th New York Times op-ed column. He says small loans to entrepreneurs in poor countries are now widely recognized as an important tool against poverty. Kristoff tells about his personal experience making several small loans through the website that allows people to make direct loans to entrepreneurs in poor countries.

Read the full text of Kristof's March 27th column You, Too, Can Be a Banker to the Poor in which he tells about visiting a baker in Kabul to whom he had made a loan of $25. Watch a brief video clip about Kristof's encounter with the Afghan baker at D.I.Y. Foreign Aid.

Thanks to Ron for sharing this information.