Join Australia's most dynamic and respected property investment community

Microfinance providers for the poor -with integrity

Discussion in 'Philanthropy' started by Luke T, 16th Sep, 2016.

  1. Luke T

    Luke T Well-Known Member

    Joined:
    12th Dec, 2015
    Posts:
    164
    Location:
    Sydney
    We spoke recently about organisations who provide loans for the poor to give them a hand up !
    As mentioned there are those who have a really good reputation as they provide loans at a affordable interest rate.
    Then there are those that dont .Often these have middle men asking for 100%+ interest back on the money causing more poverty for the recipients.

    One of our members suggested starting a list to go to for those organisations who have integrity and are putting the poor first.

    I would say ;
    1)Opportunity International
    For information on their background and character go to;
    Break the Poverty Cycle
     
    mrdobalina likes this.
  2. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,761
    Location:
    Perth WA
    I love OI as stated before. Another organisation, while not a charity as such is Thankyou (www.thankyou.co) who donate 100% of profits to fund projects in developing countries. Awesome company. If you have babies, you should try their nappies :)
     
    Luke T likes this.
  3. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

    Joined:
    18th Jun, 2015
    Posts:
    8,970
    Location:
    Sydney
    TheGreenLeaf and Perthguy like this.
  4. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    19th Jun, 2015
    Posts:
    436
    Location:
    Oz
    Yes Terry - the original conversation was actually about Kiva, and how some of the NGO's, aggregators or subcontractors (I don't know the correct term) of loans are better than others - some charge high interest to the individual business owners despite taking it interest free from Kiva. I asked about whether people in the know can actually suggest preferred NGO's to deal with inside of Kiva.
     
  5. BuyersAgent

    BuyersAgent Well-Known Member Business Member

    Joined:
    19th Jun, 2015
    Posts:
    436
    Location:
    Oz
    Having said that re the other option mentioned, I have heard only good reports about OI for many yrs.
     
    Luke T likes this.