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Best micro-finance organisation?

 
 
dlowan
 
Reply Sat 4 Apr, 2009 06:29 am
I have decided I want to channel my donations to foreign aid to micro-finance.

I am wondering if anyone has really good information about the best organisation to do this through?


I have been looking at The Hunger Project, but have seen some slightly worrying stuff on the net about them.

I am considering another, much smaller, organisation....but who the heck is really rock solid reliable, targeting things well, has the money going to the people at almost 100%?

Damned if I know!!!

Anybody currently targeting this kind of giving? Anyone who has really researched it? Anybody with experience?


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Type: Question • Score: 2 • Views: 1,974 • Replies: 14
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dadpad
 
  1  
Reply Sat 4 Apr, 2009 08:15 am
I'll get back to you on this.
What I do know is that finance is mostly provided to women and there is a 95 % success rate ie 5% default on payback.

Locally we have helped with several projects in vennilallae (east timor).

If you want some really good coffee let me know.
BumbleBeeBoogie
 
  0  
Reply Sat 4 Apr, 2009 09:02 am
http://muhammadyunus.org./
dlowan
 
  1  
Reply Sat 4 Apr, 2009 09:30 am
@dadpad,
Yes. I know.


That is one of the reasons I am choosing this sort of donation...that and it appears to be the best way of ensuring that money has maximum positive effect.
0 Replies
 
dlowan
 
  1  
Reply Sat 4 Apr, 2009 09:31 am
@BumbleBeeBoogie,
I looked at the site you linked to, BBB, and I have no idea how you think it answers my questions.

Can you enlighten me?
0 Replies
 
Robert Gentel
 
  1  
Reply Sat 4 Apr, 2009 09:33 am
Here's the most famous one, don't know if it's the best: http://www.kiva.org/
dlowan
 
  1  
Reply Sat 4 Apr, 2009 09:39 am
@Robert Gentel,
Robert Gentel wrote:

Here's the most famous one, don't know if it's the best: http://www.kiva.org/



Hmmmm...I have registered with them...but was seekingmore information about options and how good various organisations are.

That one has you donate to individual people...but I was kind of distressed by that. It was sort of weird.

Or I am weird.
Robert Gentel
 
  1  
Reply Sat 4 Apr, 2009 09:47 am
@dlowan,
dlowan wrote:
That one has you donate to individual people...but I was kind of distressed by that. It was sort of weird.


I was under the impression that this is what drives micro-finance. Direct loans from donors to the people who need it.
dlowan
 
  1  
Reply Sat 4 Apr, 2009 09:54 am
@Robert Gentel,
Sure.

But I found it kind of awful looking at people pitching for loans...it felt weird. Kind of like people selling themselves. I know that happens in job interviews and such, but at this remove I was uncomfortable.

I sort of assume that, if organisations have people on the ground, then they have better and hopefully fairer mechanisms for picking where money is to go.

Of course, if I don't get some sort of informed data soon, I will choose myself and get cracking on donating, rather than procrastinating.

But I was hoping that someone/s with real knowledge might come along.
0 Replies
 
CalamityJane
 
  1  
Reply Sat 4 Apr, 2009 10:06 am
@dlowan,
I donate to Project Concern. They have a local chapter in my town with yearly
fundraisers and auctions to aid the project.

http://www.projectconcern.org
dlowan
 
  1  
Reply Sat 4 Apr, 2009 10:23 am
@CalamityJane,
On what basis did you decide they were a good organisation?
CalamityJane
 
  1  
Reply Sat 4 Apr, 2009 10:30 am
@dlowan,
A friend of mine was heavily involved in that charity and he's put many
man hours into that organization as well as financial aid. He's died a few
years ago, but his family is still donating time and money to Project Concern.
I also feel that most of my donated dollar will be used to help as opposed
for administrative purposes.
dlowan
 
  1  
Reply Sat 4 Apr, 2009 05:37 pm
@CalamityJane,
Thankee.
0 Replies
 
DrewDad
 
  1  
Reply Sun 5 Apr, 2009 09:39 am
My dad has been been doing micro finance for a couple of years now.

I just checked with him and he says he uses Kiva; he likes it because he gets an update when a payment is made.
dlowan
 
  1  
Reply Sun 5 Apr, 2009 05:34 pm
@DrewDad,
Thankee. Well, I have used both the ones I mentioned.

But I am still no forrarder in knowing anything about which are the good ones!!!

0 Replies
 
 

 
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