Urgent Evoke

A crash course in changing the world.

I was trawling the web and came across a church in southern New Zealand that has an interesting (pardon the pun) approach to money lending. This is what they have to say:

"People on low incomes are considered high credit risks. So they often seek credit elsewhere with high interest rates (even higher than 40 per
cent) and enter a never-ending debt spiral. They are unable to repay the
principal debt because of the high interest payments.

Within the budgeting process, sometimes Kingdom Resources can assist people in
need with debt restructuring, lending money interest-free, over a
manageable time period. Knowing that someone has trusted them enough to
lend them money interest-free, plus the budget advice they receive, is a
huge boost to Kingdom Resources’ clients."

Interest-free loans sounds like a crazy idea. This idea is fascinating to me, and flies in the face of accepted financial wisdom in the world. So far, this service has been running since 1988, and their loans total 3.1 million dollars. Is there a way to bank and manage money in the community that is radically different from what world banks are selling us? Is it possible that many banks have become blinded by their own greed rather than the people's need?
Your thoughts please.

Views: 25

Comment by KingofthePaupers on April 14, 2010 at 12:30pm
Jct: Sure, lending hard-earned federal currency interest-free is heavenly. But wouldn't it go farther if you could cover some of your local trading with LETS time-based currency and only use cash for the non-local expenses? Couldn't you do both Islamic piggy bank lending interest-free of savings and Islamic casino bank lending interest-free of new chips backed up by IOUs for time?

Comment

You need to be a member of Urgent Evoke to add comments!

Join Urgent Evoke

Latest Activity

Ning Admin is now a member of Urgent Evoke
May 17, 2023
N updated their profile
Sep 25, 2020
Sophie C. commented on Asger Jon Vistisen's blog post Stinging Nettle
"I love that you've brought this to attention. An extensive database of uncommon but resistant and hardy plants/foods could be developed and organized by climate. Ease of growth and processing should also be taken in to account. I will try to…"
Aug 19, 2020
Meghan Mulvey posted a blog post

Fourth of July on the Lake

This past weekend was the annual celebration at the lake house in Connecticut. It is amazing that the lake is still so clear and beautiful after all these years. The watershed association has done a wonderful job protecting these waters from the damaging effects of development.The wood grill was finally ready to cook on, so we didn't miss the propane tank fueled grill anymore. The food actually tasted fresher than in the past and was easy to keep fueled.Dad was very proud of the solar hybrid…See More
Jul 6, 2020
Asger Jon Vistisen posted a blog post

Stinging Nettle

In this blog post I will focus on a plant that is abundant in our nature, and which is immensely nutritious. It's of course the Stinging Nettle. Let's start with the chemical constituents of this plant:37 % Non-Nitrogen-Extracts19 - 29 % Ash9 - 21 % Fiber4 % Fat22 % ProteinOnce the leaves are drid, their protein content can reach an astounding 40 %, which is much higher than beef, which even under the best of circ**stances can never exceed 31 % protein. In addition the Stinging Nettle consists…See More
Apr 13, 2020
Jonathon McCallum posted a blog post

The meal

It is 7'oclock, I was late home from work due to an assignment that i wanted to get ahead on. By the time I get home I am feeling extremley tired and I cannot be bothered to make a proper meal. I walk to the fridge and open it to see what there is for me to eat. All of the out of date foodstuffs have been automaticaly thrown away by the fridge, they will be recycled tomorrow as animal feed or something. I see i have organic local eggs and some local cheese. Foods are vacc** sealded for easy…See More
Mar 10, 2020
Jean Paul Galea shared a profile on Facebook
Mar 1, 2020
Kevin posted a blog post

Future

FutureToday is 2020/1/1. It is just like yesterday. The war is still continuing. It has started since 2010. In 2010, that year was a horrible year. Almost every energy ran out. Every country’s governments were crushed down at the same time. There were riots everywhere. All of the big company’s bosses were killed xdeadx in the riots. Troops fought each other everywhere. Food was bought up xawayx at once. There were no more food supplies in any shops. The economy was all crushed down. All the…See More
Jan 1, 2020
Namwaka Mooto posted blog posts
Jan 13, 2016
T D updated their profile
Sep 3, 2015
Brook Warner posted blog posts
Aug 25, 2015
Santiago Vega posted blog posts
May 5, 2015
Santiago Vega commented on Santiago Vega's blog post Act 8
May 5, 2015
Santiago Vega posted photos
May 5, 2015
Rico Angel Rodriguez posted blog posts
May 2, 2015
Rico Angel Rodriguez posted a photo

public servants

The exchange works directly for state and public workers and servants. It gives them credit in exchange for the amount of public work they contribute to the community. The more constructive they are based off a base rate the more credit they recieve.
May 2, 2015

Follow EVOKE on Twitter




Official EVOKE Facebook Page




EVOKE RSS Activity Feed










© 2024   Created by Alchemy.   Powered by

Badges  |  Report an Issue  |  Terms of Service