As has been mentioned, whether in Bangladesh, India, Africa, or some other country of the world, including the United States, microcredit, the assistance to small businesses, primarily women I might add, is the difference between success and failure in so many children's lives. As has been said earlier, the World Bank reports that 1.2 billion people in the world exist on less than $1 a day. That is 20 percent of the world's population exist on less than $1 per day. This microenterprise legislation provides for the children of these families hope for the future. It provides a way where their parents, in many cases women, can have their own businesses, can earn their own fees and dollars and then send their children to school to receive an adequate education. I commend the subcommittee, the gentleman from New York (Mr. Gilman), the chairman of the Committee on International Relations, and all of those who brought this bill to the floor.
Editor's note · Context
Discussing the importance of microcredit and microenterprise legislation for families and children.
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