Vision of ‘$30 Finance’

Lot of initiatives has been incepted in last decade or so with a common goal of alleviating poverty in developing economies. There is substantial number of approaches taken by different people and organizations to address this problem. Recently, I have come across an impressive paper by Martin Fisher, founder of KickStart [1], which talks about how cash based economy can be a viable and sustainable solution to poverty. My personal interest lies in using technology to deal with problems of developing communities.
$30 is a lot of money in most of the developing regions of the world. It can help local entrepreneur start a business and sustain his family. It can help a person give education to his/her kids. It can do lot of things and there are infinite testimonies of my claim which is comprehensively answered by Mohammad Yunus’s microfinance.
30 Dollar Finance believes that there is a gap between people who is willing to help and people who needs help. There are number of reasons of this gap and every reason is justifiable. People are busy making their lives better - professionally, financially, and personally. There is a sense of obligation to return something to society they live in to make it a better place but this sense occupies a very small portion of their heart and mind, but important thing is this sense is still there! $30 Finance envisions to exploit this sense of social obligation to generate funds (in the multiple of $30) in a way that the disconnect between the people who is willing to help and people in need, can be filled with the help of advance technology solutions.
30 Dollar finance is going to be a nonprofit organization.

Microfinance
============
Microfinance is the extension of small loans to low-income people who do not qualify for traditional bank loans. It has been proven an effective tool in the ongoing struggle against poverty, by empowering the poor to better their situation through entrepreneurial activities.

This method of poverty alleviation has affected hundreds of millions of impoverished families worldwide and continues to help the destitute and hopeless.

Distinguished Honors:
Most recently, Professor Muhammad Yunus and the Grameen Bank were honored with the 2006 Nobel Peace Prize "for their efforts to create economic and social development from below."

Successful Microfinance endeavors
=================================

Grameen
http://www.grameen-info.org/
SKS India
http://www.sksindia.com/

30 Dollar Finance offers…
=========================
- A highly motivated pool of intellects who wants to make a difference in the world
- A technology solution to facilitate easy transaction between the local entrepreneurs and lenders
- Radical transparency in the operations
- A platform for volunteers to join $30 Finance to contribute to this noble cause
30 Dollar Finance believes that microfinance concept is not been utilized in its optimal form; that said it has a potential to serve more communities and we strive to go a step ahead. And our motto is: “Making money is the most effective way to eradicate poverty!”

Challenges
==========
TODO

References
==========
[1] Martin Fisher, "Income Is Development: KickStart’s Pumps Help Kenyan Farmers Transition to a Cash Economy: http://www.policyinnovations.org/ideas/policy_library/data/01375