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. |
Gregoria's Story |
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Gregoria is a butcher in Nicaragua and needed credit to buy hogs.His only option before was loan sharks who were charging large amounts of interest. He found out about the local microfinance institution “MiCredito” and his business changed. He got a loan at a reasonable interest rate and the future looks bright.
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