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Archives

Monthly Archives: October 2007

Coop-etition…

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Recently, two new companies have entered the Microfinance market – MicroPlace, an eBay company, and MicroCredit Enterprises LLC. I am glad that more professionals are coming to the cause of global poverty.  Although it’s hard to go up against the likes of eBay, I trust that our model and our passion will make us stand out. And, together, we can make a difference for individuals and nations.

Citing Shocking Statistics…

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I believe in citing my sources and having accurate information. If any of the information on this website is inaccurate, please do let us know. Recognizing that many of these figures are debatable due to varied data collection methods and timelines. With that, here are a few sources and quotes to scratch the surface that got me started in understanding the situation in international poverty and aid.

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Robert Rector, Heritage Foundation
“Since the beginning of the War on Poverty we have now spent over $11 trillion dollars”

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National Bureau of Economic Research
“After $1 trillion of US aid to Africa, according to a National Bureau of Economic Research study, sub-Saharan Africa is actually poorer than it was 30 years ago.”

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Human Development Report 2006. United Nations Development Programme.

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World Development Indicators 2007. The World Bank.