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1/7/14 “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. 1/7/14 Econ. Agenda

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1/7/14 “World Bank vs. World Food Programme ”

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  1. 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. 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. 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? • http://www.kiva.org/about/how

  6. 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?

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