Microfinance: How it Can Help
November 4, 2016 | By David |
What is microfinance?
Microfinance, by it’s smallest definition, is a form of economic development to low-income people through financial provisions. Often, microfinance comes in the form of loans. For example, a $100 microloan can give a woman the means to buy a loom, allowing her to make and sell clothing for a profit.
At WE International, we believe that microloans can not only change a person’s life, but empower them. Even more so, we help people develop their business plans so they are set up for success from the beginning.
Through a loan, people can become entrepreneurs and self-sufficient. It gives people a chance to be their best selves. It is a chance to empower. Please consider financing someone’s microloan here.