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Cool...but watch out for real estate helping.
Posted by SJohnB (more from SJohnB) on Sun, 27 Jul 2008 11:34:26
In Reply to: My new project... Poverty2Prosperity, Scott Paterson [Profile/Gallery]
, Sun, 27 Jul 2008 11:19:24
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Here in DC there are some orgs that are providing help for people to buy homes, helping them with down payments, etc.
The foreclosure rate for these homes/owners is astronomical and the IRS is looking closely at the tax exempt status of these charities.
Make sure your helpees have some skin in the game!
This has worked well in Africa and India, especially to uncaste women who want to start small sewing businesses, for example.
Nothing to get rich on from interest, but still a very social business!
Kudos to you for trying!
posted by 68.55.18...
Posts in this Thread:
- My new project... Poverty2Prosperity, Scott Paterson , Sun, 27 Jul 2008 11:19:24
- Update - Loans to US.., Scott Paterson , Fri, 5 Sep 2008 21:43:00
- Excellent project>>>, bever77, Mon, 28 Jul 2008 19:54:59
- Very good.... effective anti-poverty measures, CrNiFe , Mon, 28 Jul 2008 12:14:47
- a safe bet, JohnA , Mon, 28 Jul 2008 06:57:31
- there was a presentation here in town on microcredit..., baggsly , Sun, 27 Jul 2008 15:34:57
- Cool...but watch out for real estate helping., SJohnB, Sun, 27 Jul 2008 11:34:26 <-- Viewing This Message
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