The federal government says it wants greater accountability in its foreign aid; it couldn’t do any better than supporting microfinance agencies.
I personally support global micro-finance because it’s not charity and it never stops working. As the tiny business loans it gives to the poorest people are paid back, I can then lend that money to others. With the same small investment, I’ve helped different entrepreneurs buy sewing machines, agricultural supplies and building materials, and never lost a penny.
International Co-operation Minister Julian Fantino should involve the Canadian International Development Ageancy in more micro-finance agencies, because unlike many other forms of aid, it is carefully administered and the money works more than once.
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