Africa news
Well, not all news, but articles. First, what's been going in Karamoja: They're cracking down on illegal weapons, for real. Fifty-eight Karamojong men have been jailed for being caught walking around with guns. I'll refrain from commenting on this one...
I just read this at Worldmag.com: a great story about investing in Africa on a small level. A 23-year old went over with an organization called Hope International to the DR Congo and set up a loan strategy; basically finding people with very small business who needed a loan (of, say, $40) to really get going. It sounds like it worked really well. For $50,000 in Africa you can help a lot of people! I just think this is the coolest thing.
But it's also interesting because all the loans have been carefully monitored and they've been repaid on time. In Karamoja, Bob's been frustrated with how often loans don't get repaid...people just having little intention of returning money, much less with interest. So I'm curious how this organization sets things up, and if it would work in K'moja.
I just read this at Worldmag.com: a great story about investing in Africa on a small level. A 23-year old went over with an organization called Hope International to the DR Congo and set up a loan strategy; basically finding people with very small business who needed a loan (of, say, $40) to really get going. It sounds like it worked really well. For $50,000 in Africa you can help a lot of people! I just think this is the coolest thing.
But it's also interesting because all the loans have been carefully monitored and they've been repaid on time. In Karamoja, Bob's been frustrated with how often loans don't get repaid...people just having little intention of returning money, much less with interest. So I'm curious how this organization sets things up, and if it would work in K'moja.
posted by Amanda at
5:47 PM
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