Comments for Warm Heart at Work

Comment on Micro-finance makes its first loan by admin

admin — Mon, 28 Dec 2009 07:13:32 +0000

Absolutely true - almost. Calculated this way the actual “interest rate” is 112%. The point, however, is that the cost of money is 12%. The “100% interest” that you are referring to is in fact retained earnings. The exercise is intended to demonstrate in the clearest, most unsubtle way possible the one thing that no one, the poor like the development wonks, believes: it is possible to retain earnings within very, very small businesses. And that demonstrated this little exercise demonstrates to micro-borrowers that they are not as limited as they think, that with financial planning and discipline they can grow their businesses with retained earnings - retained earnings that can easily be as large as the loans they seek.

Comment on Building the Village by malaki

malaki — Mon, 14 Dec 2009 15:53:29 +0000

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Comment on Micro-finance makes its first loan by Rebecca Love

Rebecca Love — Wed, 30 Sep 2009 07:17:30 +0000

Glad to see that you are trying to help poor entrepreneurs. Your interest rate is not 12% if you have a forced savings component. It’s probably closer to 1000% if they really have to save an amount equal to the loan size. Check your data with a financial calculator

Comment on Happy Birthday! by Henny

Henny — Tue, 07 Jul 2009 13:45:15 +0000

Great story!

Comment on Move in! by Warm Heart at Work | Global PACT Blog

Warm Heart at Work | Global PACT Blog — Tue, 16 Jun 2009 01:01:07 +0000

[...] it was all about the fruits of hard work. From building, staffing, and nurturing children to fill two Children’s homes not to mention the water well, water tower, a biomass power project so close we can taste it, the [...]

Comment on Move in! by Paul Kuehn

Paul Kuehn — Fri, 22 May 2009 20:07:20 +0000

It’s finally up - the house looks wonderful!

Comment on Meet the kids by Henny

Henny — Fri, 15 May 2009 12:27:43 +0000

So cute!

Comment on Blogs we like - have any suggestions? by Zoe

Zoe — Thu, 23 Apr 2009 03:19:48 +0000

I really like “Creating the Future”: http://hildygottlieb.com/ , though it’s more about how to approach all these issues rather than about the specific issues themselves.

Rising Voices is another good one: http://rising.globalvoicesonline.org/

I’ll let you know if I think of others

Comment on Now for the real work by Anonymous

Anonymous — Sun, 01 Mar 2009 11:30:57 +0000

Mom Blogs - Blogs for Moms…

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Comment on The Big Day by Robert Ferguson

Robert Ferguson — Fri, 03 Oct 2008 11:16:47 +0000

GlobeMed at Northeastern University is excited about our opportunity to raise funds for medical supplies, so that the children of Phrao, Thailand will be able to receive treatments for their diagnoses.

We have increased our membership and held two successful fundraisers over the past four weeks and we have a lot of fundraisers planned for the upcoming months. We are also planning to hold educational events on our campus in an effort to increase awareness of Warm Heart’s grassroots work and about global health issues.

It has been a great experience for us to play a supportive role since the creation of Warm Heart and we have learned a lot about community-based organizations, as a result.

We are looking forward to the future and the chance to grow as a student-led organization with Warm Heart.