Microfinance and Microsavings

1. Go to the Link Here to access Nick Kristof's Story:

http://kristof.blogs.nytimes.com/2009/05/26/putting-the-microsavings-in-microfinance/

2. Read the blog and the comments

3. Answer the question:

Can microfinance and micro savings help the poor? Use the persuasive paragraph rubric to organize your thoughts.




Here is an excerpt:

May 26, 2009, 9:16 pm — Updated: 9:16 pm -->
Putting the Microsavings in Microfinance
By Nicholas Kristof
It has become increasingly clear that the most important element of microfinance isn’t lending, but savings. That lesson was taught to me by SEWA in India, Kashf in Pakistan and Grameen in Bangladesh. Only some poor people will benefit from the chance to borrow, but almost all will benefit from the chance to save.