Rhoda Mwale is living in Lusaka, the capital city of Zambia and one of the fastest developing cities in South Africa. Rhoda’s house is constructed of mud, and was built by her deceased husband. Although she operates a small vegetable stand in Chainda Market, her income was never high enough to sustain her household. Only one of her five children were able to attend school due to financial constraints. Unfortunately, during the last rainy season, one of the rainiest seasons in Lusaka, Rhoda’s house collapsed. Rhoda was forced to move into her son’s home where three of her grandchildren live. Rhoda said, “I was financially crippled and therefore my children grew up under hard conditions. Before joining FINCA, my family often had only one meal a day and went to bed hungry.”
Rhoda, with the help of FINCA, is overcoming her setbacks. She asked for a loan of 200 dollars, and she was fully funded for this loan. Rhoda reports with a smile that after joining FINCA’S Sivilanji Village Bank, she was able to obtain her first loan which she used to increase her vegetable stall’s stock. Her business and profits are gradually growing and now she is able to give financial support to her children. Her family now has three meals a day and construction of a new house has started. Rhoda stated about FINCA, “I am really grateful to FINCA, they have empowered me to independently run and expand my own business.” Rhoda intends obtaining a second loan to improve her business and complete the construction of her house.
I selected Rhoda because she was a first time loan recipient and at the time when I found her she had not been funded at all. I did not really look at what her business was, but that she had to raise five children on her own, and her house was gone. Rhoda really needed to expand her vegetable stall to make more money to be able to support her family, and build herself a new house. When selecting this loan I was hoping that she would get fully funded and that this little bit of money would help her tremendously. She did get fully funded, and her children quickly went from eating one meal a day, to three. She even plans on taking out another loan soon.
This experience was huge for me. Reading The International Bank of Bob made me very interested in microfinance and being able to actually give a microloan was really neat.
Jim’s responsibility in Tanzania is to invest for financial, social and environmental value for each client. By giving KiraFlour the loan, Jim would be creating financial value for the company’s stakeholders, while creating social and environmental problems...
The idea of this essay is to explain how poverty is being represented the wrong way by nonprofit organizations here at home. The author uses the title to explain to the readers that poverty is not being represented the correct way. The way organizations represent poverty is by using images from a third world country instead of using pictures of people that live here at home that are living at poverty. The author explains how there are children here in America that need help just to get their basic needs, she explains “There are so many children like her – children that are deprived of their basic necessities right here in America” (George 668). The author is referring to “Mandy”. The picture of the girl on the Children Inc. flyer. She looks normal but she is need of help. The title gives an understanding to the reader about what is about to be
Monday morning, Sally, a twelve-year-old American girl, is woken up by her father. As she gets ready to go to school, her mother hands her a backpack and lunch with a quick kiss goodbye. Meanwhile, Zarina, a twelve-year-old Sierra Leone girl, wakes herself up to get ready for work. Her aunt says good morning as they both head from their home to the cassava fields. Both of these girls have a traditional family setting. In America children in a traditional family grow up with both biological parents and any siblings they have. In Sierra Leone, the setting for both The Bite of the Mango and A Long Way Gone, children of traditional families live with aunts and uncles as well as many children from different parents. These different views of what is traditional create uniqe children in many ways. Children who grow up in Sierra Leone are more self-reliant than American children.
David Goodman eked out a minimal living for his family by working for a tailor in a sweatshop. To help alleviate the family’s poverty, the children were urged to work as soon as they were old enough.
In Northern Kenya a small village of Sudanese refugees have made a makeshift village, which has served as their permanent housing for the past twenty years. This village displays the kind of poverty that is predictably featured in Time Magazine on a semi-regular basis: mud walls are adorned by straw roofs, ribs can be easily counted on shirtless bodies, flour is a resource precious enough to be rationed, and a formidable desert can be seen in all directions. What do you see when you look at this village? Do you see a primitive society, struggling to survive in a world that has long made struggling for survival antiquated, do you see the cost of western colonialism, do you see a people deprived of the dignity of humanity, do you just
"The Working Poor Families Project." The Working Poor Families Project. N.p., n.d. Web. 28 May 2014. .
Palgo Holdings Pty Ltd carried on a business of making small secured loans. Each borrower would sign a two-part document. The first part of the document, titled “Secured Loan Agreement”, recorded the amount of the loan and the date on which the principal and interest was due. The second part of the document, titled “Bill of Sale/Goods Mortgage”, was made as a deed between the borrower as mortgagor and the lender as mortgagee. It also recorded that the terms of the bill of sale were set out in the schedule of terms attached.
Kofi Annan persuades his readers that Africa's fate lies in their women with several different ideas. These ideas can be condensed down to two main topics. First, women are the main agriculture workers in Africa. When the mother of a family dies her farming knowledge goes with her. This, in turn, causes farming in her family to dwindle and eventually leads to starvation. Second, when a mother dies in Africa it has a ripple effect on her family. When she dies, her children are often orphaned. Her death can also cause her older female children to drop out of school so they can help to support their family. Without proper education, these children are more likely to not know how to protect themselves against AIDS. Annan closes his essay with the hope that the problem is at least starting to get better, noting that AIDS infection rates have declined throughout Africa.
Poverty is referred to as the inability to provide for basic needs such as food, clothing, shelter, medical, etc. Walls (2005) stated that at times they would go days without eating and would keep their hunger to themselves, but always thought of ways to get their hands on some food. She further stated that “At lunchtime, when other kids unwrapped their sandwiches or brought their hot meals, Brian and I would get out a book and read. I told people that I had forgotten my lunch but no one believed me, so I started hiding in the bathroom stall during lunch hour. When other girls came in and threw away their lunch bags in the garbage pail, I’d retrieve them and return to the stall and polish off my tasty finds ” The major thesis addressed by the author, detailed the struggles she faced.
At age thirteen, I left everything behind in Tanzania to start a new life with my parents in Canada. Growing up in Tanzania I witnessed the injustice imposed upon the underprivileged society. Yet, throughout my thirteen years in Tanzania I saw no progress. The gap between the rich and poor was so evident in our everyday lives that it became a norm, a way of life. Although I realized that this was wrong, I never truly understood the complexity of these issues. It was when I moved to Canada that I recognized the importance of positively affecting change.
Loan officers have many important duties that they have to do while on the job. Loan officers contact potential loan applicants, both people and companies, and they ask them if they are in need of a loan. After ...
Nearly 50,000 people, including 30,000 children, die each day due to poverty-related problems and preventable disease in underdeveloped Countries. That doesn’t include the other millions of people who are infected with AIDS and other incurable diseases. Especially those living in Sub-Saharan Africa (70%), or “the Third-World,” and while we fight to finish our homework, children in Africa fight to survive without food, or clean water. During the next few paragraphs I will give proof that poverty and disease are the two greatest challenges facing under developed countries.
Krishna, Anirudh, et al. "Escaping Poverty And Becoming Poor In 36 Villages Of Central And Western Uganda." Journal Of Development Studies 42.2 (2006): 346-370. Business Source Complete. Web. 20 May 2014.
The lifestyle of people across the world is developing rapidly. As there is a growing concern for people about the lifestyle and way of living, the scope for the microfinance industry is also at a growing pace. A large number of people across the world prefer finance for the purpose of purchase of consumer durables as well as lifestyle products. As the credit card EMI options are more expensive, people prefer NBFCs for the purpose of consumer durable loans. The project done in bajaj finserv explains the role of NBFCs in the consumer durable loans and the procedure undertaken in order to disburse the consumer durable loans.
Child-rearing is an important part of a child’s life as it should guide children in the right and productive direction. In the sense that because many of the characters discussed in the readings were poor and working class, much was concluded that if they were not poor, they would not be at as high of a risk for so many potential failures. This is heartbreaking in the sense that if one is poor, there is not much that one can do other than to persevere past it all. I for one know how that life is, living poor, but with motivation and determination, nothing should get in the way of prevailing. These two articles showed hope for the individuals, which is something that I haven’t come across.