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Microfinance 101: investing in economic development
Microfinance - also called microcredit, microlending, or microloans - gives you the opportunity to fund small loans through local microfinance institutions to borrowers who possess minimal collateral for a traditional loan. Microfinance began in the 1970s with loans for women to start small businesses.
World Vision Micro and microfinance loans
Micro lets you make microfinance peer-to-peer loans, giving you a unique connection to one entrepreneur in a developing country.
- Microfinance loans can range from $25 to $5,000
- Average microfinance loan cycle: 3 to 12 months
- Repayment rate of microfinance loans: 98.7%
Microfinance alleviates global poverty
Through microfinance you can support small-scale entrepreneurship, providing financial services to impoverished women and men and empowering them to work their own way out of poverty. Microfinance has proven to be an effective economic development strategy.
- Name:
- Todasia Minerva
- Gender:
- Woman
- Country:
- Mexico
- Business Type:
- Food
- Needed:
- $475.00
Todasia Minerva prepares fresh cheese, and with the income she earns she pays the expenses of their children. They ar...
Learn more about this loan!
Nilza's Story
One Loan creates 40 jobs
Five years ago, Nilza Barbosa was unemployed. But thanks to a small loan, today she employs 40 women in her own fabric doll business.
Read more about her loan...
Micro
- 604,000 active entrepreneurs
- $396 million loaned last year
Twitter Updates
Please join us at our new fan page location and help spread the word about the power of microfinance! ... http://bit.ly/d3qYUz
Posted 13 days
We're moving! In preparation for the formal launch of World Vision Micro, we've moving our fan page. Please come... http://bit.ly/7epgKq
Posted 14 days
