My favorite charity is Village Banking. They give out microloans to very small businesses in very poor areas of the world. Instead of giving away money that most governments keep or dilute a great deal, Village Banking make loans directly to the business owner. They have to pay it back too so their business has to be viable and people at the Village Bank make sure of that.
I think it is the best idea to bring prosperity to poor areas. For example…
FINCA began operations in a war-torn Afghanistan in 2004. Despite the continuing challenges of regional instabilities and security issues, it is one of FINCA’s fastest growing programs, and recently won a prestigious Pro-Poor Innovation Challenge award for its microfinance project targeting women, ethnic minorities, and returning refugees. The program plans to reach 90,000 clients by 2009.
Join me in bringing prosperity to the world by giving to Village Banking.