Microstock & Microloans
So I came up with an idea - why not channel earnings from my microstock photos into microloans. In that way, I can help others through what I love to do. For those of you who don't know about microfinancing, they are small loans lent at very low interest to fledgling entrepreneurs usually working in underdeveloped countries. These are people who could not get a traditional bank loan to start a business.
The concept of microloans began with Dr. Muhammad Yunnus, found of the Grameen Bank. He won the Nobel Peace Prize in 2006 for developing the idea that microfinancing would inspire people to work their way out of poverty much more effectively than donations. Microloaning is based on the Chinese proverb: "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime." And in fact, 98% of microloans are paid back! To find out more about the Grameen Foundation, click here.
With this in mind, I am happy to announce that today I made my first microloans using profits from the sale of my photography at Dreamstime. I chose to focus on woman-owned businesses. When the loans are repaid, the money will be re-invested again, creating a continuous cycle. Don't you just love this idea! I am so excited knowing that every time I take a great stock photo, it will help a woman somewhere else in the world fulfill her dreams and feed her family. Keep this in mind whenever you buy one of my microstock images - the power of your purchase will be magnified in the global economy through microfinancing.
Why am I telling you all of this? Because I want to inspire you to make a difference - create a ripple in life's pond. Yeah I'm pumped up and want you to be too! If you're interested, here are the two organizations I am investing with:
Kiva - "A world-wide community dedicated to combating poverty. Kiva allows you to make small loans to entrepreneurs on five continents, leveraging just $25 to change a life."
Microplace - "Express your generosity and compassion by making an investment that will finance the fight against poverty."
Thanks for reading and I look forward to giving you updates on this concept: Microstock = Microloans!
Photo credits: Louise Roach.