Microcredit founder says business can end poverty

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  • andrea11 joliet, IL
    April 15, 2014 7:15 p.m.

    My name is Andrea Valdez and I am freshman student at Joliet West High School. I am currently researching microloans in Mexico and how they are helping fight poverty in Mexico in my World Affairs class. My current thesis is: Microloans are effective in combating poverty because it helps women improve their stability, helps with education for kids to have a better future, and because it helps reduce immigration in united states.
    I will like to ask you some questions if that ok by you and if you could answer them I will be really thankful for you to take your time on my topic
    1.If we could stop immigration from happing with microloans why don’t people just help since they disagree with immigration from Mexico?
    2.How could I start an organization that will help involve people from my school and for them to realize they will do a big change in a life of someone less unfortunate then use just by that little donation?

    Sincerely, Andrea

  • Tolstoy salt lake, UT
    April 18, 2013 5:19 p.m.

    Did you notice this CAPTILIST is doing this even while paying his share of the taxes and not complaining and whining about it? You can wait on the sidelines and make excuses our you can be part of the solution.

  • RedShirt USS Enterprise, UT
    April 18, 2013 12:49 p.m.

    Let me summarize the article.

    A capitalist sees an opportunity to serve an underserved market by giving them small loans, which are repaid. He then loans them more money as their businesses get larger.

    The end result is a decrease in poverty.

    Now, did the liberals notice that poverty is being eliminated by CAPITALISM, and not the forced redistribution of wealth through the government?

    If it works for the poor in other countries, why can't capitalism work for the poor in the US who want to get out of poverty?

  • Tolstoy salt lake, UT
    April 18, 2013 12:44 p.m.

    @the rock
    thats a cool idea you shold contact the department at BYU and see what together you can do to make that happen.

  • The Rock Federal Way, WA
    April 18, 2013 11:50 a.m.

    I have often thought that unused sewing machines could be sent to LDS women in Mexico and BYU's clothing and textile department could design nice modest clothing that the women in Mexico could sew and ship back to the USA for sale.

    Service missionaries could teach them how to sew and repair and maintain their machines. Many Christian book stores as well as DI might sell modest clothing made by these people.

  • rogerdpack2 Orem, UT
    April 18, 2013 9:29 a.m.

    sounds like an awesome man.