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Gifts That Do Good
Thursday, 17 November 2011 23:06

 

FOR THE WALL STREET OCCUPIER
Grameen America micro-loan
(from $10; grameenamerica.com)
"This not-for-profit microfinance organization, started by Nobel Peace Prize winner Muhammad Yunus, opened a Bronx branch (its fourth in New York City) in August. The goal: jump-start the careers of low-income entrepreneurs by offering crowd-sourced, collateral-free micro-loans. (In New York alone, the group has distributed some $20 million in loans to more than 6,500 borrowers.) Make a donation of $10, $20, or $30 a month on behalf of a loved one, and struggling locals enjoy reasonable interest rates, a manageable weekly repayment plan, and savings incentives."

 

 

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