Tuesday, April 8, 2014

Make My Souvenir a Microloan!

Many ethically sourced items we can buy from Africa come from small businesses made possible by microfinance. Like in the US, supporting small businesses in African countries is better for their economies than, say, Wal-Mart. Larger profits and empowerment go to those doing the work, rather than to middlemen who trickle very little of the profit down to the large numbers of workers under them.

Goods you may have bought from these small African entrepreneurs include sugar, chocolate, coffee, and shea butter. These are major crops that many small farmers are capable of making a living from, when they are able to get their crop to market.



Many of the entrepreneurs in Africa are farmers, because this is the majority of rural economies. However, other “typical” rural African businesses sell fabrics, jewelry, and baskets. It is the help of large organizations, like Whole Planet Foundation or Toms, which provides them access to the world market.

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