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Community News

The Power of Microloans

Imagine that a loan as small as $100 could change the life of one person, eventually helping her family and entire village. Sound impossible? It’s not, and it’s already happening in poor communities around the world. Microfinancing—the extension of credit to low-income people—is considered to have begun in the 1970s with Grameen Bank in Bangladesh. Now it has spread around the world and is helping thousands of people become self-sufficient entrepreneurs and climb out of poverty. Most of the loans go to women. This not only helps them build businesses—it helps their whole families, as women are more likely to spend their income on their families. They send their kids to school, improve their nutrition and get them health care. Proponents say the loans have even helped curb domestic violence, because a husband is not as likely to abuse a wife who provides for the family. There have even been cases where a woman’s business has been so successful she could hire people from her village, helping an entire community overcome poverty in the process. Poor communities still often have to contend with bad roads, poor water quality and lack of health care, but microfinancing is a strong tool to help end some suffering.

Whole-Grain vs. White Pasta

A 2-ounce serving of whole-grain pasta contains 5 to 6 grams of dietary fiber, compared with only 2 grams in the refined, white variety.

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Ibis Trail Covington
28 Park Place Drive
Covington, LA 70433

Phone: 985-898-3443
Fax: 985-898-1979

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