Microlending: Is microlending to people in third world countries effective?

  • Micro lending teaches people to help themselves.

    By sending support in the form of micro lending, it may effectively show someone in a poor nation that there is hope. Perhaps it would help them to purchase supplies to make a lucrative product, this helping the other people in the country. This could prove to be positive for imports and exports for the USA.

  • Microlending to third world countries is ineffective.

    I believe that micro
    lending to people in third world countries will not be effective. This is because of the lack of jobs and money
    making opportunities in third world countries.
    A microloan to a third world country could be used to fund a criminal
    enterprise and then never be repaid.

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