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ArchivesMicro-Loan MagicBy John Walters on Wednesday, March 17, 2004.What could you do with $25? In Africa, a well-placed $25 loan could re-build an entire life and save a whole family from poverty. These very small loans, known as micro-loans, have been called the most effective aid for developing countries. A third-world entrepreneur can often turn a tiny amount of money- by American standards- into a small business with a sustainable income. When businesswoman and Wilmot resident Dana Dakin turned 60, she wanted to give back to the world. With the proceeds from selling a car, she went to Ghana and started who own micro-loan fund for women in a small village. |
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