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UCCtruths

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Microfinance: loaning money to the poor

Monday, June 25, 2007

From UC News:
Maria Otero touched the hearts of Synod delegates in her speech Saturday afternoon at General Synod 26 as she spoke of the power of microfinance: loaning money to the poor so they can finance their small businesses.

"This is social justice at its core," said the CEO of ACCION International, a nonprofit network in 24 countries that makes small loans to the poor. "The UCC is a church that is guided by a social justice ethic that is rooted in moral clarity. It believes that the gospel is preached even more by doing than by proclaiming."
We need to see more of this. According to Otero, loans average about $600 and 97 percent of those loans have been repaid.
posted by UCCtruths, Monday, June 25, 2007

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