Microfinance is the hottest thing in philanthropy at the moment. Charitable organizations support entrepreneurship in developing countries by giving small grants or loans to people with great business ideas but no capital to make it happen. Women in particular benefit greatly from these programs.
As an example of one such successful endeavor, the Kohtrad Silk Project is making magic happen for silk weavers in the Isaan region of northeast Thailand. Farquhar Simpkin, Kohtrad’s founder, emailed us about the project this morning:
There are many independent silk weavers scattered around the Isaan area. Many can not speak English and do not know how to market their products online. So the aim of the project is to bring the silk weavers together and give them an online platform to sell their products to the world.The silk weavers receive good fair trade pay for their talented work, and the income generated from the project will help many of the weavers to pay school fees for their children, build a business, stay in the area, enjoy their everyday work and keep their silk weaving skills and traditions alive.
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