Stories - MEDA Trust

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Entrepreneurship

Lift communities out of poverty, one business at a time

About MEDA Trust Learn about MEDA: Microfinance MEDA About Afghanistan About Nicaragua Make a Loan Choose a sector to sort loans: Retail Production Services Agriculture Or search for a loan: Search How it works What can we show you?: Funding Loans Revolving Loans Matching Managing Your Portfolio Giving Groups Transferring Funds My Portfolio What would you like to do?: Add Funds My Giving Groups Transfer Funds Update My Personal Information Recent Activity Stories Giving Groups Start a Giving Group About Microfinance Microfinance institutions are a key link to people struggling to escape the grip of poverty. These institutions function as banks for these resilient women and men, providing small loans that can make a big difference. More than 100 million people around the world today use microfinance services.	Fatima's Story
	Fatima is young but has big dreams for the future! The belt-making business she took over from her father is growing thanks to loans from MiCredito. She heard about MiCredito from her brother and soon found out they offered better interest rates than the institution she was with. Fatima's most recent loan was for US $10,000 and she used the money to buy better equipment. As a result, her business has grown and she has taken on more employees. But Fatima would like more. She hopes to build up a brand name for her product and eventually access international markets. Currently, there is strong competition with China, which exports factory-made belts. Fatima believes her hand-crafted belts have a competitive edge - excellent quality. The future looks bright for Fatima. She has the confidence, the work ethic and now - the loans to help her business grow.