Headline April 11th, 2012 / CAN STUDENTS SAVE AND BUILD MICROFINANCE ON GLOBAL BAISIS?

 "CAN STUDENTS SAVE AND 

  BUILD MICROFINANCE 

      ON GLOBAL BAISIS?"

Respectful Dedication Georgette Jean-Louis, Fonkoze - Yanick Mezile, Minister Haiti 

Medlina Gates

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Georgette Jean-Louis, Fonkoze

Yanick Mezile, Minister Haiti

Melinda Gates

I received a flood of communications from the world over on this post on "Microlending". Some delightfully call me 'mad'. My retort : 'who isn't?' Hahaha! Let me answer that with an illumination. "Those of you think we are mad!!?" We think you are insane and unworthy to endure such humdrum, boring and unfulfilled lives!!"

But with great hope for answers and solutions from Student Angel Mother, thousands by thousands were also through. So let me begin, first, by thanking !WOW! for its best idea in the world "good ideas database".

Yes, SAM will soon launch a Global Co Debate Campaign for the formation of "SAM 'Cloud' Microfinance Bank". We don't talk! We bell the cat! So, let me begin with what the great Michael Schuman wrote in his thinking "left to their own devices....bankers and executives can never be trusted to act responsibly. This is the 'Achilles' heel of reckless , greedy, capital oriented service. In the real capitalist global economy , as long as one dollar of real asset leveraged over and over via mortgage backed securities, derivatives, etc, into thousands of dollars of "virtual" capital, a hollow economy results. Unless the culture 'money begets money', and irresponsible credit extension is addressed, capitalism will flounder again and again. And with it, its tiny tiny sibling Microfinance. These guys are all Casino bankers plying with the lives of everybody! Where then is the social responsibility? Therefore, we must devise a new system that will allow accumulation of our own resources to drive our lives and what we owe to the future generation of students. The Global students must think through on the strategy of lending tiny tiny amounts to many many poor students, which is the Soul and long held tradition of Microcredit. IF we unite, pool our savings, we not only impact but build a better world free of exploitation!!?? For the families invest their blood and toil to see us thru but to what gain?

R Zakria zeroes in 'the future of education in Pakistan then lies in education being severed from opportunity and the divorce of merit from achievement that bolsters and accompanies it. The true value of education is not the issue here but the where is the escape hatch from poverty and hopelessness! Where are those opportunities and jobs??" Only students can lead and build a better.

Good night and God bless.

Till tomorrow, SAM Daily Times - the Voice of the Voiceless