Large scale aid can do amazing things during crisis but what has 50 years and more than 2 trillion dollars accomplished so far in lifting people and countries out of poverty?
Why does The Gemach Project only give interest free, no fee micro loans? You can read our “How it Works” or “About Us” page and get an understanding of what we believe and why, but we came across a great video that really expresses why from Poverty Cure. Although creating locally owned and locally run businesses may seem slower to economic growth it builds from within the area and creates local jobs.
The video is well worth the 7:28 minutes. What do you think, does global aid create dependencies and delay the development of business?
-Perry