tag:blogger.com,1999:blog-2900607157435934187.post3346071274080153659..comments2023-11-03T11:03:34.233-05:00Comments on Jefferson's Rebels: Women's World Banking Microfinances Poor Entrepreneurial WomenUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2900607157435934187.post-87950317868358552742011-10-08T13:50:55.754-05:002011-10-08T13:50:55.754-05:00You may be right, or you may be wrong. It is an ar...You may be right, or you may be wrong. It is an area I don't know a great deal about. Maybe you have personal experience in this area.EricaThunderpawshttp://jeffersonsrebels.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-2900607157435934187.post-3081013555048254812011-10-08T11:46:27.598-05:002011-10-08T11:46:27.598-05:00I'm curious why you find this article of inter...I'm curious why you find this article of interest. This is the same work that Obama's mother did in Indonesia when she was with the Ford Foundation working so closely with Tax Cheat Geithner's daddy. Perhaps my opinion of the issue is skewed, but I'm not sure I see this type of activity in a positive light.<br /><br />Microfnancing and Microcredit are basically just giving loans to people who cannot afford them - sound familiar...Fannie and Freddie? Often times these loans are financed by the elite rich who feel they should have a say in how the money is spent and invested and often at very very high interest rates. Microloans to women are very often exploitative, because she is merely the front person for the loan and a male family member receives the money while she is left to bear the brunt of the risk and repayment.<br /><br />I'm all for helping the poor and especially the poor who want to become entrepreneurs, but I'm not sure Microfinancing is the way to go about it, especially given that there are few regulations with no oversight.Rehj Hoeffnernoreply@blogger.com