We would like to prefer and recommend
educational institution based micro-aid model for poverty alleviation. We
encourage college and university teachers take initiative to form cooperative
society to operate micro-aid program for poverty alleviation. Each of the
teacher and student of the institution may contribute as little as US $ 1.00 to
generate seed fund for the cooperative society. If the monthly contribution by
the teacher and students continue, the fund will be ever increasing to support
the community involved with that institution. Large amount of fund may be
raised through such initiative which will be ever increasing each year. For
example, about US $ 1.2 million fund may be raised by such cooperative society
organized in an educational institution comprising teacher-student community of
ten thousand by ten years.
The fund will be recycled through
micro-aid program where micro-aid will be provided without any interest to
facilitate micro-business or SME. The borrower will have to repay the same amount
he received to start/operate his business. Therefore, micro-aid fund generated
by such cooperative society will never end up and will be ever increasing each
year. Such program will be continued by voluntary services of the
teacher-student community. Therefore, operational and management cost will be
very minimal for such organization.
To boost up micro-aid programs,
millions of dollar funds that are presently being utilized by micro-credit organizations
may be handed over to such cooperative societies, if those really would like to
remove poverty instead operating micro-credit business for their personal
interest. We are also knocking at the donors and sponsors of micro-credit fund
to reconsider the better option provided by micro-aid model for poverty
alleviation. We specially and humbly request Nobel laureate Grameen Bank and
Dr. Muhammad Yunus to support micro-aid model and gradually hand over all the
micro-credit funds to such cooperatives for poverty alleviation. We further
stress on the fact that DYNAMIC WELFARE FOUNDATION is providing you
comparatively better solution to the micro-credit system for poverty
alleviation and you decide whether to support us or not.
Our activities have been started on
facebook.
Explore Universe.
Link-
https://www.facebook.com/groups/542383789180012/
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