Sep 24 2008
A Crash Course in Microlending
See what happens when someone gives small increments of cash money to desperately poor people.
This has 99% return rate? Apparently!
Wax charitably.
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Damn. That’s really all I got on that one. I’m lucky I wasn’t mid sip when I opened this up, I’d be cleaning IPA off my screen.
IPA?
India Pale Ale. I drink good beer. I must be an elitist.
SOCIALIST
Ah, that’s where you’re wrong. See, I drink beers from all over the world, so I guess you could say I’m a globalist.
alugio, what do you mean by your comment?
I was joking - despite the benefits that microlending provided, there’s no way that anything involving any facet of that could work in the US because it would be labeled socialist.
I need to learn what a sense of humor entails because this happens to me way too often.
I do like beers from around the world though…..if you count the Brooklyn IPA as worldly………….I need to go to sleep.
But it’s not a government program, it’s willful giving and rather beatitude-driven (or driven by any ethically based system for that matter).