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Microcredit movement

microcredit movement


A Two-Part Series for PBS on microcredit and microenterprise development

TO OUR CREDIT explores an exciting new strategy to combat poverty: microcredit. known in America as microenterprise development. It is the practice of extending small loans and other support to low-income people to help them create their own employment.

Microcredit is a dramatic departure from traditional charity or welfare programs: money is loaned, not given; repayment is required; interest is charged. In a world where capital is king, the effect can be remarkable.

Part One: Bootstrap Banking and the World profiles microcredit with stories from Bangladesh, South Africa, Bolivia and

India. Within the past decade, 15 million people have received microloans.

Part Two: Bootstrap Banking in America profiles microenterprise development in New England, Arkansas, South Dakota and Chicago. 300 U.S. organizations now provide loans and training to microbusinesses.

An important part of To Our Credit's broadcast is an extensive public education campaign. Advocates and educators are urged to use To Our Credit to educate community members about microcredit and microenterprise development.

To Our Credit is produced by the Access to Credit Media Project . ACMP creates videotapes and other materials to promote understanding of the relationship between access to credit and equal opportunity

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