By: Jane Wales
April 29, 2010
Microfinance seems simple: make small loans to the poor so they will have the capital to send their children to school, pay for health care, start a business. But lifting families from poverty also requires that they be able to protect their new assets -- a home, a herd, a budding enterprise. The Global Assets Project, co-led by Michael Sherraden, offers things people in developed countries take as a given: savings accounts, insurance, investment capital.
Wales is the president of the Global Philanthropy Forum and vice president of the Aspen Institute