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Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services. More broadly, it is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers."[1] Those who promote microfinance generally believe that such access will help poor people out of poverty

Traditionally, banks have not provided financial services, such as loans, to clients with little or no cash income. Banks incur substantial costs to manage a client account, regardless of how small the sums of money involved. For example, the total profit for a bank from delivering 100 loans worth $1,000 each will not differ greatly from the revenue that results from delivering one loan of $100,000. But the fixed cost of processing loans of any size is considerable as assessment of potential borrowers, their repayment prospects and security; administration of outstanding loans, collecting from delinquent borrowers, etc., has to be done in all cases. There is a break-even point in providing loans or deposits below which banks lose money on each transaction they make. Poor people usually fall below that breakeven point. In addition, most poor people have few assets that can be secured by a bank as collateral. As documented extensively by Hernando de Soto and others, even if they happen to own land in the developing world, they may not have effective title to it.[2] This means that the bank will have little recourse against defaulting borrowers. Seen from a broader perspective, the development of a healthy national financial system has long been viewed as a catalyst for the broader goal of national economic development (see for example Alexander Gerschenkron, Paul Rosenstein-Rodan, Joseph Schumpeter, Anne Krueger ). However, the efforts of national planners and experts to develop financial services for most people have often failed in developing countries, for reasons summarized well by Adams, Graham & Von Pischke in their classic analysis 'Undermining Rural Development with Cheap Credit'.[3] Because of these difficulties, when poor people borrow they often rely on relatives or a local moneylender, whose interest rates can be very high. An analysis of 28 studies of informal moneylending rates in 14 countries in Asia, Latin America and Africa concluded that 76% of moneylender rates exceed 10% per month, including 22% that exceeded 100% per month. Moneylenders usually charge higher rates to poorer borrowers than to less poor ones.[4] While moneylenders are often demonized and accused of usury, their services are convenient and fast, and they can be very flexible when borrowers run into problems. Hopes of quickly putting them out of business have proven unrealistic, even in places where microfinance institutions are active.[citation needed] Over the past centuries practical visionaries, from the Franciscan monks who founded the community-oriented pawnshops of the 15th century, to the founders of the European credit union movement in the 19th century (such as Friedrich Wilhelm Raiffeisen) and the founders of the microcredit movement in the 1970s (such as Muhammad Yunus) have tested practices and built institutions designed to bring the kinds of opportunities and risk-management tools that financial services can provide to the doorsteps of poor people.[5] While the success of the Grameen Bank (which now serves over 7 million poor Bangladeshi women) has inspired the world, it has proved difficult to replicate this success. In nations with lower population densities, meeting the operating costs of a retail branch by serving nearby customers has proven considerably more challenging. Hans Dieter Seibel, board member of the European Microfinance Platform, is in favour of the group model. This particular model (used by many Microfinance institutions) makes financial sense, he says, because it reduces transaction costs. Microfinance programmes also need to be based on local funds. Local Roots Although much progress has been made, the problem has not been solved yet, and the overwhelming majority of people who earn less than $1 a day, especially in the rural areas, continue to have no practical access to formal sector finance. Microfinance has been growing rapidly with $25 billion currently at work in microfinance loans.[6] It is estimated that the industry needs $250 billion to get capital to all the poor people who need it.[6] The industry has been growing rapidly, and concerns have arisen that the rate of capital flowing into microfinance is a potential risk unless managed well.[7]

One of the victors’ stated aims in World War I had been “to make the world safe for democracy,”

As dismantlers of the world status quo, the Japanese military were well ahead of Hitler. They used a minor clash with Chinese troops near Mukden in 1931 as a pretext for taking over all of Manchuria, where they proclaimed the puppet state of Manchukuo in 1932. In 1937-1938 they occupied the main Chinese ports.

he first bomb was exploded in a test at Alamogordo, New Mexico, on July 16, 1945. See also Manhattan Project. Two more bombs had been built, and the possibility arose of using them to convince the Japanese to surrender. President Harry S. Truman decided to allow the bombs to be dropped. For maximum psychological impact, they were used in quick succession, one over Hiroshima on August 6, the other over Nagasaki on August 9. These cities had not previously been bombed, and thus the bombs’ damage could be accurately assessed. U.S. estimates put the number killed or missing as a result of the bomb in Hiroshima at 60,000 to 70,000 and in Nagasaki at 40,000.

Although the human cost of the war was tremendous, casualty figures cannot always be obtained and often vary widely. Most experts estimate the military and civilian losses of Allied forces at 44 million and those of the Axis at 11 million. The total number of civilian losses includes the 5.6 million to 5.9 million Jews who were killed in the Holocaust. Of all the nations that participated in World War II, the human cost of the war fell heaviest on the USSR, for which the official total, military and civilian, is given as more than 20 million killed. The United States, which had no significant civilian losses, sustained more than 400,000 deaths.

he Lapland War (Finnish: Lapin sota) were the hostilities between Finland and Nazi Germany between September 1944 and April 1945, fought in Finland's northernmost Lapland Province. While the Finns saw this as a separate conflict much like the Continuation War, German forces considered their actions to be part of the Second World War. A peculiarity of the war was that the Finnish army was forced to demobilise their forces while at the same time fighting to force the German army to leave Finland. The German forces retreated to Norway, and Finland managed to uphold its promise to the Soviet Union.

American History: Life in the US After World War Two

The creation of national parks has undoubtedly helped to protect rainforests. Yet, as national parks are open to the public, tourism is damaging some of these areas. Often, national parks are advertised to tourists before adequate management plans have been developed and implemented. Inadequate funding is allocated for preservation of forests by government departments. Governments see tourism as an easy way to make money, and therefore tourism is encouraged whilst strict management strategies are given far less government support. Ecotourism, or environmentally friendly tourism, should educate the tourists to be environmentally aware. It should also be of low impact to its environment. Unfortunately, many companies and resorts who advertise themselves as eco-tourist establishments are in fact exploiting the environment for profit. In Cape Tribulation, Australia, for example, the rainforest is being threatened by excessive tourism. Clearing for roads and pollution of waterways are two of the major problems in this area. The Wet Tropics Management Authority which oversees the surrounding World Heritage Area is promoting tourism to the area before any management plans have been formulated, before any effective waste management strategy has been devised and before any ecofriendly power alternatives have been fully explored. Solutions: The rights of indigenous forest dwellers and others who depend on intact forests must be upheld. In instances where there are campaigns opposing specific tourist developments, they should be supported. Genuine ecotourism should be preferred to other tourist enterprises.

Many species of animal life can be found in the rain forest. Common characteristics found among mammals and birds (and reptiles and amphibians, too) include adaptations to a life in the trees, such as the prehensile tails of New World monkeys. Other characteristics are bright colors and sharp patterns, loud vocalizations, and diets heavy on fruits. Insects make up the largest single group of animals that live in tropical forests. They include brightly colored butterflies, mosquitoes, camouflaged stick insects, and huge colonies of ants. The Amazon river basin rainforest contains a wider variety of plant and animal life than any other biome in the world. The second largest population of plant and animal life can be found in scattered locations and islands of Southeast Asia. The lowest variety can be found in Africa. There may be 40 to 100 different species in 2.5 acres ( 1 hectare) of a tropical rain forest.   When early explorers first discovered the rainforests of Africa, Southeast Asia and South America, they They were amazed by the dense growth, trees with giant buttresses, vines and epiphytes . The tropical vegetation grew so dense that it was difficult to cut one's way through it. It was thought at the time that the soil of a rainforest must be very fertile, filled with nutrients, enabling it to support the immense trees and other vegetation they found. Today we know that the soil of the tropical rainforests is shallow, very poor in nutrients and almost without soluble minerals. Thousands of years of heavy rains have washed away the nutrients in the soil obtained from weathered rocks. The rainforest has a very short nutrient cycle. Nutrients generally stay in an ecosystem by being recycled and in a rainforest are mainly found in the living plants and the layers of decomposing leaf litter. Various species of decomposers like insects, bacteria, and fungi make quick work of turning dead plant and animal matter into nutrients. Plants take up these nutrients the moment they are released. A study in the Amazon rainforest found that 99% of nutrients are held in root mats. When a rainforest is burned or cut down the nutrients are removed from the ecosystem. The soil can only be used for a very short time before it becomes completely depleted of all nutrients.

Besides these four layers, a shrub/sapling layer receives about 3 % of the light that filters in through the canopies. These stunted trees are capable of a sudden growth surge when a gap in the canopy opens above them. The air beneath the lower canopy is almost always humid. The trees themselves give off water through the pores (stomata) of their leaves. This process, called transpiration, can account for as much as half of the precipitation in the rain forest. Rainforest plants have made many adaptations to their environment. With over 80 inches of rain per year, plants have made adaptations that helps them shed water off their leaves quickly so the branches don't get weighed down and break. Many plants have drip tips and grooved leaves, and some leaves have oily coatings to shed water. To absorb as much sunlight as possible on the dark understory, leaves are very large. Some trees have leaf stalks that turn with the movement of the sun so they always absorb the maximum amount of light. Leaves in the upper canopy are dark green, small and leathery to reduce water loss in the strong sunlight. Some trees will grow large leaves at the lower canopy level and small leaves in the upper canopy. Other plants grow in the upper canopy on larger trees to get sunlight. These are the epiphytes such as orchids and bromeliads. Many trees have buttress and stilt roots for extra support in the shallow, wet soil of the rainforests. Over 2,500 species of vines grow in the rainforest. Lianas start off as small shrubs that grow on the forest floor. To reach the sunlight in the upper canopy it sends out tendrils to grab sapling trees. The liana and the tree grow towards the canopy together. The vines grow from one tree to another and make up 40% of the canopy leaves. The rattan vine has spikes on the underside of its leaves that point backwards to grab onto sapling trees. Other "strangler" vines will use trees as support and grow thicker and thicker as they reach the canopy, strangling its host tree. They look like trees whose centers have been hollowed out. Dominant species do not exist in tropical rainforests. Lowland dipterocarp forest can consist of many different species of Dipterocarpaceae, but not all of the same species. Trees of the same species are very seldom found growing close together. This bio diversity and separation of the species prevents mass contamination and die-off from disease or insect infestation. Bio diversity also insures that there will be enough pollinators to take care of each species' needs. Animals depend on the staggered blooming and fruiting of rainforest plants to supply them with a year-round source of food.

There are four very distinct layers of trees in a tropical rain forest. These layers have been identified as the emergent, upper canopy, understory, and forest floor. Emergent trees are spaced wide apart, and are 100 to 240 feet tall with umbrella-shaped canopies that grow above the forest. Because emergent trees are exposed to drying winds, they tend to have small, pointed leaves. Some species lose their leaves during the brief dry season in monsoon rainforests. These giant trees have straight, smooth trunks with few branches. Their root system is very shallow, and to support their size they grow buttresses that can spread out to a distance of 30 feet. The upper canopy of 60 to 130 foot trees allows light to be easily available at the top of this layer, but greatly reduced any light below it. Most of the rainforest's animals live in the upper canopy. There is so much food available at this level that some animals never go down to the forest floor. The leaves have "drip spouts" that allows rain to run off. This keeps them dry and prevents mold and mildew from forming in the humid environment. The understory, or lower canopy, consists of 60 foot trees. This layer is made up of the trunks of canopy trees, shrubs, plants and small trees. There is little air movement. As a result the humidity is constantly high. This level is in constant shade. The forest floor is usually completely shaded, except where a canopy tree has fallen and created an opening. Most areas of the forest floor receive so little light that few bushes or herbs can grow there. As a result, a person can easily walk through most parts of a tropical rain forest. Less than 1 % of the light that strikes the top of the forest penetrates to the forest floor. The top soil is very thin and of poor quality. A lot of litter falls to the ground where it is quickly broken down by decomposers like termites, earthworms and fungi. The heat and humidity further help to break down the litter. This organic matter is then just as quickly absorbed by the trees' shallow roots

Madagascar is world-famous for its lemurs—primates that look something like a cat crossed with a squirrel and a dog. These animals are unique to the island and display a range of interesting behaviors from singing like a whale (the indri) to sashaying across the sand like a ballet dancer (the sifaka). Below you will learn more about these fascinating creature

The World's Lungs? In the past, scientists often referred to tropical rainforests as the "lungs of the world" because of the large amount of oxygen they produce. More recent evidence shows that rainforests don't have much of an effect on the world's oxygen supply. The decomposition of dead plant matter consumes roughly the same amount of oxygen that the living plants produce. But rainforests do play a key role in the global ecosystem. Some experts are now calling them the "air conditioners to the world," because their dark depths absorb heat from the sun. Without the forest cover, these regions would reflect more heat into the atmosphere, warming the rest of the world. Losing the rainforests may also have a profound effect on global wind and rainfall patterns, potentially causing droughts throughout the United States and other areas

The Yanomamo (Yah-no-mah-muh) also called Yanomamo, Yanomami and Sanuma (which means ‘Human Being') are deep jungle indigenous Indians living in the Amazon basin in both Venezuela and Brazil. The Yanomamo are believed to be the most primitive, culturally intact people in existence in the world. In spite of that, they exist within the modern period by use of technology which is well-adapted to their environment.

They number approximately 12,000 people and are distributed in some 125 widely scattered villages in the upper Amazon basin of Brazil and in the South of Venezuela (South America). They live in small villages that are separated by many miles of unoccupied land. The villages can be as small as 40 to 50 people or as large as 300 people grouped by families in one large communal dwelling called a Shabono; this disc shaped structure with an open-air central plaza is an earthly version of their god's Abode. The villages are autonomous but constantly will interact with each other. The quote following read in the book Yanomamo Warfare is intended to give more details about number of Yanomamo "The Yanomamo are by far the most numerous and best described of the four major divisions of Yanomamo. Population estimates put their numbers at 6,00

0 around 1970 (Migliazza 1972:34), at...

World War I was the first total war. Once the war began, the countries involved mobilized their entire populations and economic resources to achieve victory on the battlefield.

The start of the war is generally held to be September 1, 1939, with the German invasion of Poland and subsequent declarations of war on Germany by most of the countries in the British Empire

World War I (abbreviated as WW-I, WWI, or WW1), also known as the First World War, the Great War, and the War to End All Wars, was a global military conflict which involved most of the world's great powers,