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A comment on Why Do People Stay Poor? [pdf]. Parent comment

Re:Why Do People Stay Poor? [pdf] by TeMPOraL on Wednesday July 29, 2020 @07:16PM (#23992616)
Isn't this essentially the whole premise behind microfinance (microloans), which are a form of charity?
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Re:Why Do People Stay Poor? [pdf] by jollofricepeas on Wednesday July 29, 2020 @08:46PM (#23993176)
Not always...

Its been found that what most have called charity is actually predatory lending by another name. I’m sure there are some legit players but like most things in life you may need to read the fine print and get a lawyer.

Source: https://mathbabe.org/2015/10/13/microfinance-is-mostly-a-sca...

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Re:Why Do People Stay Poor? [pdf] by SilasX on Wednesday July 29, 2020 @08:10PM (#23992965)
Micro finance works in the third world, for existing successful entrepreneurs; I’m addressing its application to blue collar first world poor.
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Re:Why Do People Stay Poor? [pdf] by JAlexoid on Thursday July 30, 2020 @04:23PM (#24002473)
Microfinance is called microfinance, because $1000 can get you a herd of goats in poor countries.

Try doing that in US....

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