1. “World Bank vs. World Food Programme”
1/7/14
“World Bank vs. World Food Programme”
What are the main differences between how the World Bank works to solve poverty and how the WFP works to solve poverty?
Whose programs do you think are more effective & why?
On desk: World Bank/WFP projects wksht.

2. 1/7/14
Econ. Agenda
What is microcredit/microfinance? (class notes)
World Bank/WFP projects wksht. -- due in class
Research Kiva (microcredit) Projects
HW: Finish Kiva Projects research

3. Class Notes – What is microcredit?
1/7/14
Class Notes – What is microcredit?
Microcredit/microfinance
Idea developed by Muhammad Yunus – Bangladeshi banker
Very small loans given basically
directly to people in poverty
$$ is used for specific needs & specific
projects
Goals: to empower individuals & uplift
communities towards self-sufficiency
**the opposite of trickle-down economics**

4. Class Notes – What is microcredit?
1/7/14
Class Notes – What is microcredit?
Kiva
Organization that offers microcredit loans as small as $25 to people in poverty around the world
Since Kiva was founded in 2005:
Over 1 million Kiva lenders
$512 million in loans
99% repayment rate

5. 1/7/14
How does Kiva work?

6. What is Kiva doing in the world right now?
1/7/14
What is Kiva doing in the world right now?
Research 3 Kiva loan requests in your country.
How much money are they asking for? What will they use it for?
Who is the partner organization working with these loans?