Poll: Do you think loaning poor people $200 can solve poverty?

Question

I read one of the questions a Nobel prize winner submitted and he was talking about banks loaning poor people $200 to help end poverty. Do you really think that would help or just make things worse? Honest opinions, please. Leave your attitude off the keyboard, lol!

Answer 1

i guess no.the man Dr.Yunus,who got nobel prize this time is of my country.he just made a great way to solve proverty,but still there are thousands of pooor people here.that really doesn't waorks,just can make proverty a little bit less.

Answer 2

No, I think you'd have to lend them much more than $200 to end poverty.

How would poverty be solved by lending someone $200?
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$200 would be like a drop in the bucket with the cost of living as it is nowadays.

Answer 3

In there part of the world, the $200 is equivalent to much more of their money( apparently), which allows them to start up a business. Micro-credits are beneficial, but soon enough, there will be a new way to "help end poverty".

Answer 4

I don't think that it will help. The majority of homeless people are there because of their mentality. On some talk show they gave a homeless man $100,000. He bought himself a house, a car and even got married. They offered him jobs and he wouldn't take any one of them. His reason was, he didn't want anybody to tell him what to do. He had a problem with authority. A year later, the money was gone, his wife left him and he was back on the street with even more debt than he started with. It might work with a few people, but with the majority I would say not.

Answer 5

i imagine that you're plan may paintings yet on condition that (and that is curiously a large if) you need to save that funds remote from particular pastimes extra prepared and extra common than the negative. I also imagine that the plan may in common words paintings for at maximum 10-30 yrs. Then both a agency cycle will take position causing a recession or melancholy, or wealth will grow to be redistributed so as that the former negative will grow to be the recent wealthy and previous wealthy will grow to be the recent negative meaning poverty will nonetheless exist in common words it may relax on different human beings, or both will ensue and it may all be because funds became printed. i think that a extra perfect plan may be to grant anybody a large fat tax damage (perchance about one hundred%) and get rid of minimum wages alongside with licensing. that ought to probable do it.

Answer 6

loaning money is only a short term soln. use that money to educate the poor but let them stand on their own and earn their own bread. It's a different world today, no one has the will or time to help anybody materially, so the best way is to give as much help as required only up to the point where they can take off on their own.

Answer 7

First off its a loan and has to be paid back...And no i do not think it will help solve poverty...Maybe if there wasn't so many babies born into it, then down the road it would solve itself...I say give out birth control...

Answer 8

no, it will not change anything. For some people it may because there are good people out there that will do good with it but to me there are allot of people that live in poverty that do it to there self and would just blow the money. I have worked with allot of people in the situation and they are just lazy and know that the Government will take care of them so why do anything about it

Answer 9

I don't see how $200 can stop poverty. But it sure could buy some food for a couple days.

Answer 10

That would depend on how the person uses the $200.