Wofford project provides micro-loans for Haitians
COLUMBIA, S.C. (AP) — Students at Wofford College in Spartanburg are getting lessons in high finance while helping some poor women and peanut farmers in Haiti.
Wofford Professor Philip Swicegood says the students learn to manage an investment fund and they decided to use part of their profits to support a small loan project in Haiti.
A physician helping coordinate the program in northern Haiti says the Wofford investment fund provides loans of several hundred dollars to about 30 women and 50 peanut farmers. Dr. Eugene Maklin says the loans are repaid over time and have become life-savers in hard times.
The women use the loans to buy produce or make small consumer items to sell in the markets. The peanut farmers sell their crops to an organization that helps feed malnourished children.
Susanne M. Schafer can be reached on Twitter at http://twitter.com/susannemarieap.
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