Wednesday, November 15, 2006

Charity Village®NewsWeek: Cover Story

Charity Village®NewsWeek: Cover Story: "The little loan that could: Microcredit yields macro effect
Andy Levy-AjzenkopfBy Andy Levy-Ajzenkopf
November 13, 2006

This week, from November 12 to 15, the Global Microcredit Summit will hold court in Halifax, Nova Scotia. Thousands of experts from 107 countries will be in attendance. It’s being billed as a watershed event for the microcredit community and will have ramifications for hundreds of millions of people over the next decade. So why might this summit be one of the seminal moments in world history?

“...[b]ecause global poverty continues to stand as an affront to our humanity, a haunting reminder of the gross inequity of human progress,” answers the powerful statement from the State of the Microsummit Campaign Report 2006.

The affront in question can be attributed to the following reality - that there are still nearly one billion people living below US $1 a day in our world. Microcredit practitioners take that statistic and use it as a rallying cry."

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