Administrator:
Cynthia Casas
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May 9, 2008
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Investing In People and Their Ideas
Financing new ideas that can lead to livelihoods for one or many is as essential to a healthy and thriving society as an education system. Now a days with money flowing at lightning speeds the world over the interdependence between national economies is evident. There's no doubt that there is a virtual global economy. Yet many are left out of this global marketplace due to barriers that are arguably systemic in nature to capital markets. With no address, no property, no collateral, no credit history or no ability to read, many are left without the ability to invest in themselves, in their education, in their new inventions, new business, etc.
Much attention has come to light about the success of microfinancing-- especially when lending to women-- as an effective way to combat poverty. It's a wave I'd like to explore in this discussion.
More specifically, in this group I'd like to listen to new solutions that people are using and seeing work. I hope that users and the founders of web services like kiva.org, globalgiving.com, paypal.com, and other more local financial institutions like the Grameen Bank of Bangladesh can help us navigate through the choices consumers have from their local community banks to angel investors in realizing their dreams of a better future.
