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Essay on The Effects of Small Loans to Those in Need

Decent Essays
This year Avila had the pleasure of being a part in fighting poverty. Interestingly enough it wasn’t a traditional way of donations. Companies such as FINCA and KIVA have found a new way of giving to those in need. They decided to give out loans to people across the world, who suffer financially. As a part of our first year project this year’s freshmen were able to be a part in giving out these loans to both individuals and families in need. This money came from us selling t-shirts and various donations
As a part of this project we were required to get into groups of 2 and decide upon a recipient of our loans. Each loan was a total of $50 and we were able to personally choose who we wanted to sponsor which in my opinion was very cool. The
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I wanted to be a part of helping her make Liya’s dream for her family come true.
I’m very glad that we were able to be a part of the micro loan process. I think that microfinance is an interesting and great way to help others across the world. It is nothing like traditional charities. Microfinance is not only a way to provide but it is a way to teach responsibility and creates a connection between the giver and the receiver. Typical charities consist of foundations or groups of people that you may never even meet. However with micro loans you are able to get to know the receiver of your money and you can see what type of work your donation has done for these people. Micro loans also teach the receiver the responsibility of paying back their loan and managing their money. I feel that micro financing is more beneficial than charity. Overall this experience was very important and impactful. It allowed all of us to be a part of change in the world. I think it is important for all of us to be aware of what’s going on across seas. I think it is very easy to get distracted and focused on life in the US we lose sight of the struggling families and countries around the world. I think as humans we are all responsible for contributing to making the world a better place. We are all called to make a difference. I think this project was a great practice and a great way to start off our change, which
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