Students Flock to Microfinance to Learn Real World Skills - NAM: "PALO ALTO, Calif. – Idealistic students who wanted to give back to their community used to volunteer with food drives, homeless shelters or community centers. Charity was once very localized. Now, a co-ed can go online and donate to a poor entrepreneur in Nicaragua with the click of a mouse.
The Internet has spiked awareness of world economic problems and encouraged many young people to take on a new form of service – microfinance. Throughout the developing world, microfinance gives financial services to low-income entrepreneurs. Even loans of less than $100 have allowed entrepreneurs to create or improve existing businesses. It also provides savings accounts and insurance for the poor to ensure financial stability."
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