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This latter model had its origins in resource-poor settings, where micro loans through the Grameen Bank have transformed the lives of the poorest of people [ 3] – and this has been replicated elsewhere.
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I visited a banana farm on the grounds of Earth University, a pineapple farm named Finca Corsicana, and a group of women who were receiving micro-loans through the Whole Planet Foundation, a nonprofit organization founded by Whole Foods Market.
But do we care as much about Merck's work to spread its Gardasil vaccine to protect women and girls from cervical cancer and HPV, or the use of micro-loans through Kiva.org to offer up seed capital and help the world's poor?
To get involved with the Whole Planet Foundation, click here, and to donate to or apply for a micro-loan through Grameen America, click here.
Financing urban water connections through micro loans to individuals and community groups is showing real promise in many communities.
For years, BRAC has offered some poor women free wheat and training along with micro loans.
ACCION International, also not-for-profit, made the first of what it called "micro" loans in 1973.
Founded by Dr. Muhammad Yunus, it provided micro loans to people to improve their economic health.
Micro loans to local entrepreneurs have also gotten a lot of attention in recent years.
We were the first organization to make micro loans available online.
Micro loans have the potential to be beneficial, if regulated properly.
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