Micro credit has been around 20 years but Rotary Clubs are using it now to help the world. It was the topic of the noon meeting of the Rotary Club of Kirksville Wednesday.
Randy Steinman of the Kansas City Plaza Club gave a presentation on his experience on the Rotary's micro credit project.
Steinman said if you loan small amounts of money to low income people to help them start businesses in third world countries, it will help eliminate poverty as its impact in the long term.
"It's an opportunity to take a little bit of money on our part and truly attack poverty at its core and ELIMINATE it by breaking the poverty cycle," Steinman said.
Steinman is now the chair of the project in the Missouri district. He is spreading the word to other rotary groups in the state to get them involved as well.
This next micro credit project Steinman is working on is its affect in the Dominican Republic.