I'll admit, when it comes to money and economy, I get tangled up in the technical jargon that probably isn't even that technical. If the percentages aren't given in detailed graphs, there's a good chance that I'll get lost somewhere. My experience with finances pretty much extends just to seeing how many books I can buy and how many months so much money will last for horseback riding.
So the fact that I'm really interested in microfinance shocks me. But alas, there it is. Just how it works- small loans to the poor and deprived to help them start their own business, whatever it may be. Not only does it help the economy as well as the individual, it also empowers the community. It makes people believe that they can change their life for the better, and that they do have power.
In the further scope, if microfinance catches on, then the countries that utilize it can become stable, which gives incentive for other, wealthier countries to invest in the economy there. If this happens, it can stabilize the economy and raise it up from poverty, which in turn empowers more people and shows everyone that this can be done. When a country is stabilized, more human rights and fair laws can be exercised, improving the quality of life for those in the country.
When there's another country rising to financial stability, it can also help other countries do the same and can become a leader in social justice and change.
I'm also pretty sure that it can do a lot for the finances of the world- but that's getting into things that will give me a headache just looking at it.
I'm pretty impressed with myself that I've connected so many dots!
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