Campaign to Target Global Poverty

Foreign exchange web site GoForex.net has launched a fundraising campaign to raise money for the poor to start small businesses in the developing world and help raise awareness of the 2005 international year of microcredit being launched in New York today.

Alexandra, New Zealand November 18, 2004 -- Foreign exchange website GoForex.net is helping to raise money for the poor to start small businesses in the developing world as part of global celebrations for the 2005 international year of microcredit.

Microcredit enables the poor to start small businesses with small loans, training and support providing them with a better income to support their families. The World Bank has recognised it as one of the most effective and sustainable ways of achieving poverty alleviation.

Fair credit is a scarce commodity amongst the worlds poor, where money lenders and loan sharks have been known to charge up to 20% interest per day leading to a spiral of debt and perpetuating the cycle of poverty. Less than two percent of the worlds poor have access to financial services other than money lenders.

By supporting the establishment of fair credit loans, you are providing the opportunity for people to work themselves and their families out of poverty with dignity and respect, says Steve Moxham, owner of the website and organiser of the campaign. The last thing anyone wants is a hand-out, what they need is a hand-up.    

November 18 will officially launch the international year of microcredit, a United Nations designated event aimed at promoting the field of microfinance and advancing the Millennium Development Goals of reducing poverty.

The campaign will raise money for projects in the Phillipines, Indonesia, Haiti, Mexico, and the Democratic Republic of Congo with partners TEAR Fund New Zealand and US based charity, FINCA International. The campaign will run until the end of 2005.

Donations can be made at the following address:
http://www.goforex.net/microenterprise/home.htm

About GoForex
GoForex.net is a foreign exchange traders portal set up to provide independent and unbiased information on foreign exchange trading for prospective traders wanting to enter the market. It provides an array of tools and resources to help traders navigate their way through the world of online currency trading, such as a broker guide, broker ratings, market overview, forex directory, news, information and commentary to assist traders in developing an overall view of the forex market. The website has been in operation since June 2004.

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