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Comment grameen foundation (Score 1) 252

The Grameen Foundation, originating in the slums of Bangladesh, provides microloans, and more importantly, the infrastructure to help their borrowers to become financially independent. In many cases, this can be as simple as a few farm animals or providing a day's worth of raw materials, such as wicker for baskets. These workers often get gouged for these raw materials, and would otherwise have only pennies left over at the end of the day.

Many of these loans are provided to the woman of the house (often a cultural challenge), as they are more likely to make prudent decisions regarding the family's finances, such as making sure that there's enough food or fuel to look after the family.

The program has earned its founder a Nobel Prize, and it has been expanded throughout the world.

The branches use open source software, developed and managed as "Mifos." They have other opportunities here and a sourceforge project:

"Mifos is an MIS purpose-built for the microfinance industry. It provides MFIs the key functionality to better serve the poor: client management, loans & savings portfolio tracking, reporting, & social performance measurement. See mifos.org for more info."


Submission + - Creative Commons launches CC+ License (creativecommons.org)

E1ven writes: "Creative Commons has released their CC+ protocol, which provides a way for authors to allow other people to commercially reuse their work, and give them a pre-negotiated fee or percentage. It makes it easy for people to release the Material under CC-No-Commercial, and then have a way to charge for commercial use if companies are interested."

Submission + - FTC: $50k fine for dumping customer info in trash (networkworld.com)

coondoggie writes: "A mortgage company that left loan documents with consumers' sensitive personal and financial information in and around an unsecured dumpster today agreed it had violated Federal Trade Commission information protection statutes today said it would pay $50,000 in civil penalties. Specifically the FTC said the American United Mortgage Company violated the Disposal, Safeguards, and Privacy rules by failing to properly dispose of credit reports or information taken from credit reports, failing to develop or implement reasonable safeguards to protect customer information, and not providing customers with privacy notices. The agreement gave the FTC its first victory in a Disposal Rule case... http://www.networkworld.com/community/node/23157"

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