e-Learning to Promote Microcredit Solutions for the Poor
Lifelong learning covers both formal and informal education processes. In some cases, informality is another word to describe the impossibility for the poor to carry out and finance their projects.
Informality in this case means the absence of solutions to solve the credit crunch situation they are in and that prevent them from launching any initiative at all.
The e-learning technology offers new perspectives for such people excluded from lifelong learning plans. In both developed and underdeveloped country, microcredit schemes developed through e-learning platforms allow small entrepreneurs at the local level to get a new opportunity. The father of microcredit is Mohamed Yunus, based in Bangladesh, with his famous Grameen Bank, a so-called bank for the poor. Financial experts in the first world have adapted the Grameen Bank's model. This is the case of PlaNet finance that offers one example of the new solidarian functions that an e-learning platform can fulfil. Another example is the Digital partners platform, a US based company operating in Asia and Africa.
In Europe, several organizations are working on microcredit schemes. Valuable information on a comparative basis (for France, UK, Germany and Italy) can be found in French at an informative site.