The non-profit organization Kiva allows individuals interested in investing in small businesspeople in the developing world to pick individuals and proposals and help to fund them with loans as small as twenty-five dollars. As the loans get paid back you can either withdraw the money or select a new project for funding.
February 26, 2008
By now you've no doubt heard the words "subprime" and "credit crisis" bandied about in the media in relation to the recent instability on Wall Street, but the tragedy of this story lies in the foreclosures and financial ruin facing hundreds of thousands of Americans today.
November 21, 2007
With the steep drop in home sales and subprime mortgages imploding into black hole land, banks are looking for ways to keep customers coming to their loan desks and teller windows. An emerging pattern among some of the big banking players is committing to green loans, sustainable practices and charity support for environmental-stewarding projects.
October 26, 2007
With 1,400 branches in cities all over the world, Citibank's signs are as ubiquitious as they appear innocuous. But behind the label is parent corporation Citigroup, which Forbes magazine calls the "world's largest company." The financial giant has a habit of bankrolling bandits and fueling scandals. Citigroup played a role in the collapse of corporate titans Enron, Dynergy and WorldCom. It hid the assets of former Chilean dictator Gen. Augusto Pinochet. And it sold high-interest subprime mortgages to African-Americans and Latinos at a rate far higher than to whites.
October 21, 2007
People often complain of their banks—high interest rates, low savings rates, bad customer service, and seemingly little interest in promoting the welfare of the individual. Because banks are beholden to stockholders, they often become involved in questionable investments, both ethically and legally. Credit unions provide an alternative.
September 26, 2007