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. |
Ivinia's Story |
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Ivinia started out distributing her freshly baked bread by bicycle. Soon the demand grew and she dreamed of growing her business. She needed to produce more bread but she didn’t have the capital she needed to expand.When she heard about MiCredito, she was excited. They offered loans at reasonable interest rates. MiCredito gave her a loan and she used the money to buy flour in bulk. Invinia’s business has grown. She runs her bakery in the back of her home and her future looks bright. Fifty 100lb sacks of flour are neatly stacked beside tables of freshly baked rolls. Her open flame oven makes the room hot. While she works on one side, Ivinia’s son kneads dough on the other. Take one bite of her bread and you’ll know why Ivinia’s business is doing so well! And she no longer needs a bicycle—she now owns a car and a truck! |
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