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Excerpts of Highly Inspiring News Articles in Major Media


Below are one-paragraph excerpts of highly inspiring news articles from the major media. Links are provided to the original inspiring news articles on their media websites. If any link fails, read this webpage. The most inspiring news articles are listed first. You can also explore the news articles listed by order of the date posted. For an abundance of other highly inspiring material, see our Inspiring Resources page. May these inspiring news articles inspire us to find ever more ways to love and support each other and all around us to be the very best we can be.



How Jeroo Billimoria Is Turning Poor Kids Into Savers
2013-03-07, Daily Beast
http://www.thedailybeast.com/how-jeroo-billimoria-is-turning-poor-kids-into-s...

Jeroo Billimoria is addressing the people at the bottom of the world’s economic pyramid: children in the developing world. “If you want to break poverty, don’t start with the adults. Start with the young people,” she says. Billimoria, 47, is a Mumbai-born serial social entrepreneur whose latest project is ... to bring hundreds of millions of children into the world’s financial system. Billimoria started working with street kids in India 20 years ago, which led her to found ... Child Helpline International, which now operates in 153 countries. “These street kids - 12 to 14 years old - would earn 100 rupees a day ($1.50). And then at the end of the day ... they had nowhere to put the money and feared it would be stolen if they didn’t spend it.” That led to her next effort, Aflatoun, which encourages financial literacy and savings among children. With her latest launch, Child & Youth Finance International ... Billimoria is aiming to scale up such efforts by enlisting banks and governments. “Currently, it is easier for a child to get a credit card than it is to get a savings account,” she says. Products like a simple passbook savings account, or a mobile version thereof ... are difficult to find, even in some of the most heavily banked countries in the world. After consulting with more than two dozen central banks, C&YFI has spelled out child-friendly criteria - no (or very small) minimum deposit, communication in clear language, minimal fees. Then it encourages banks to roll out the products that make sense for them.

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