Microfinance: A little goes a long way

[Editor’s Note: This article was written by the CTL’s Laurie Hansen.]

I am sure you already know that Muhammad Yunus won the 2006 Nobel Peace Prize for helping the poor get loans so they could become self-sufficient.    As a professor of economics, he was teaching courses amongst a city experiencing a great famine.  That was his motivation.  His message is powerful.

Filmmaker Melissa Eidson illustrates the same concept in her film No Son Invisibles: Maya Women and Microfinance:  a “documentary [that] follows three indigenous women from the highlands into the village of Nachiq, stepping deep into their lives and showing how with a small amount of credit [Using Nobel Peace Prize winner Dr. Muhammad Yunus' microfinancing formula], they turn dire circumstance into a well of human empowerment that reaches far beyond any regional boundary . . . women helping women not only saves the lives of their families, but entire villages.” The concept is similar to The Girl Effect .

In May 2010, a conference was held in California to bring microfinance to the US. The goal of Microfinance USA 2010 is to “mobilize those involved in and curious about domestic microfinance to help expand the scale and scope of financial services available to disadvantaged families across America.”

Remember what Robert Fulghum said?  “Share everything.” Just like in Kindergarten.  A little can go a long way.

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