As you can read in The succes of microloans, the fruits of these programs are now beginning to blossom.
The poor who were suffering greatly and were deprived off their basic human rights like food, shelter and clothing can now provide for themselves. Before, they were suffering from mal-nutrition and other vitamin deficiencies, the children in Africa were dying of hunger because their families couldn’t make both ends meet.
Of course, these things still happen, but microloans have given many families a better life. They now earn enough to afford three meals a day, cover their bodies with adequate clothing and shelter themselves under a roof.
These loans are issued to people who are in desperate need of money, those who were losing the race to survival. And what’s new, microloans are even given out to women who want to start small at-home industries and play their part in supporting the family.
Everybody can now start a business or make the already existing ones flourish. A farmer may use the money to buy new tools, a fruit vendor might use it to buy a permanent shop. In one way or the other, these loans are helping those in need, world wide.
As mentioned in my plaint on women rights in Asia the situation seems to be on a standstill for ages. However, I recently noticed that the conditions are improving in a few countries. In most countries women already earned the right to vote (as a result of a struggle which lasted ages!). But today, we also see women in important political positions, and that’s a major step forward.
However, the struggle is far from over yet. Women may have gained some rights, but they are still deprived from many others.
The government needs to take major steps to empower women. The dowry tradition leads to forced marriages, these forced marriages result in divorces, which leaves the single, helpless mothers to take care of their children. Worse still these women are shunned by the society and their own families.
This is why governments should provide financial aid for single mothers. This aid can be provided as microloans or through NGO’s, so women can work while staying at home and start their own small businesses.
Laws should be made to eradicate evils like domestic violence, forced marriages, polygamy and many others.
And to enhance the rights of women to inherit properties and other valuables, the already present laws should be implemented und fulfilled.
This Post is only meant to open all categories, we’re still working on getting the website up again.
Micro financing is a relatively new act of providing loans to those in need. Generally for entrepreneurial reasons, these loans are provided to help boost a country’s economy and generate revenue. They help those who are talented and in need of work, those who want to work and earn a living for themselves but do not have the right resources.
The amount of money given is generally less than $200. Many people in South America, Africa (Kenya and South Africa are both good examples), Asia (think Philippines) have better hope for survival today just because of these microloans. They lacked capital and advice to find a way of earning a decent living, but now people have opened up their own small businesses like fruit stalls, barber shops, and other small revenue generating jobs.
This initiative is taken by the governments to uplift the spirit of the poor and give them hope, and it has proven to be a great succes.
Obviously, we highly welcome initiatives like this. Which is why we created this post; as a well meant bravo to the governments of these countries.
Keep it up!