Since the 1970s microfinance has become a major instrument for poverty alleviation in developing countries. One of the leaders of this movement, Grameen Bank of Bangladesh, is now partnering with Capital One support women, often single moms, living below the poverty line in the US. Reversing the usual direction of North-South relationships, Grameen has opened an office in New York and aims to reach at least 80,000 women. Groups of 5 women will work with loan officers to setup everything financially necessary to start a business. | Find out more on CNN Money
North-South reversal: Third world microloans help fight poverty in US
More of Today's Solutions
An extremely rare white grizzly bear has been filmed in the Rocky Mountains
Cara Clarkson and her family were driving down a remote highway in Canada’s Rocky Mountains when a figure glimpsed against the dark evergreen forest ...
Read MoreWell-digging wild horses and donkeys provide an oasis for wildlife
Wild horses and donkeys roaming the American West tend to have an unfavorable reputation among some conservationists, who consider the species as detrimental to ...
Read MoreThe Bison Bridge – World’s longest human-made wildlife crossing
Chad Pregracke is an impassioned conservationist who spends his time on barges, cleaning up refuse from the Mississippi River. While on the river, he ...
Read MoreThis is the UN plan to tackle plastic pollution
The Optimist Daily very much likes writing about plastic cleanup in the oceans. So, we were ecstatic when we learned about the beginnings of a ...
Read More
