Political Quotes

“Micro enterprise loans help people become self-sufficient and lift themselves out of poverty. Micro credit programs extend small loans to the poor for self-employment projects that generate income. These programs generally offer various services and resources as well as credit for self-employment. Micro credit has shown its ability to fight poverty and its importance to poor people around the world. Approximately 8 million needy people who live in developing countries are helped by Micro credit programs. Micro credit programs have also been useful in developed countries, where many thousands of people receive targeted loan funds and specialized counseling that help them with preparing for self-employment. According to a recent Catholic Relief Service evaluation, '97% of the members from two established banks in Thailand found their income had increased by between $40 and $200 per year.' As Results, a non-governmental organization concerned with issues of world poverty, points out in a recent draft of its Micro credit Summit Deceleration: 'Increasingly, Micro credit it being linked programmatically to savings plans that either require or strongly encourage savings by borrowers.'”