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Rival Gaza protest groups clash at UCLA; IL farmers on costly hold amid legislative foot-dragging; classes help NY psychologists understand disabled people's mental health; NH businesses, educators: anti-LGBTQ bills hurting kids, economy.

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Ukraine receives much-needed U.S. aid, though it's just getting started. Protesting college students are up in arms about pro-Israel stances. And, end-of-life care advocates stand up for minors' gender-affirming care in Montana.

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More rural working-age people are dying young compared to their urban counterparts, the internet was a lifesaver for rural students during the pandemic but the connection has been broken for many, and conservationists believe a new rule governing public lands will protect them for future generations.

A New Strategy to Fight World Poverty

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Friday, June 20, 2008   

San Francisco, CA - The humanitarian aid group Mercy Corps has received a major grant to help drive an innovative humanitarian strategy – microfinance institutions, which make small loans to keep families and small businesses afloat. Mercy Corps will use the new grant in Indonesia to train such lenders, and to create a large umbrella bank to help them modernize their services.

It's all part of an effort to help Indonesia recover from recession. Ten years ago, the currency collapsed and inflation topped 80 percent.

Sasha Muensch of Mercy Corps says ATMs, credit and savings accounts are almost unheard-of.

"They're not accessible to many of the poor of the country. It's much the same way even in the U.S. If you don't have good credit, if you don't have a strong enough income, you can't access many banking services here; and the problem is even more acute in Indonesia."

Her group is perhaps best known for providing disaster relief assistance, but Muensch says this is a crisis of a different kind.

"In Indonesia, half the population lives on less than two dollars a day. The situation is critical; the need for financial services to help people take care of their families, increase their businesses, and just survive, is vital."

Muensch says the goal is to bring millions of people out of poverty by helping them manage and save money and grow their businesses. Mercy Corps has helped set up microloan programs in several other countries.

The $19 million grant is from the Bill and Melinda Gates Foundation in Washington state.

For more information about the "Bank of Banks", visit http://www.mercycorps.org.


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