4 ms·
Why can't money be paid back after a disaster?
by ShorsHammer 8y ago
Why can't money be paid back after a disaster?
- mcv 8y agoI suppose it could, but do you want to? I thought the issue here was that people donate money to be spent on housing, not to be loaned on housing and then paid back. Microcredits are great in the long run because lots of small improvements really add up. The problem with big disasters is that you need more than small improvements to fix the problem, and to expect all of that to be paid back saddles poor people (or a poor country) with a lot of debt. At least, that's what it seems like to me, but I'm no expert on this. They seem like two very different cases that require different solutions.