As the saying goes, it takes money to make money. But where does that leave the four billion people around the world who live below the poverty line?
A Virginia Tech Professor is tackling that problem from a new perspective.
Most people have heard the term ‘micro finance.’ Cooperatives lend small amounts of money to entrepreneurs and small businesses. The concept began in developing nations to help women start their own businesses. Experts say poor people who receive these loans repay them at the astounding rate 99.7%.
A food desert is a neighborhood with no supermarkets – a place where you can’t buy fresh fruits or vegetables. The small corner stores carry canned and dried food that keeps well on the shelf but is less nutritious than fresh produce, often high in fat and sugar.
For a city of its size, Richmond, Virginia is the worst food desert in the nation, but an effort is underway to fix that problem.
The General Assembly panel tasked with deciding whether Virginia should expand its Medicaid program or not held its first meeting–in a room packed with expansion opponents, many representing groups such as Americans for Prosperity.
The Senators and Delegates wasted no time getting up to speed on the complex facts about how the program currently operates.