Microfinance and its Increasing Popularity

About a year ago, I was first introduced to the idea of microfinance through the website Kiva.org. I was fascinated by the idea and inspired by the organization. In fact, last year instead of purchasing Christmas presents for my family members, I donated $100 to the Kiva website and my family and I chose entrepreneurs […]

Microfinance: An introduction

Mrs. Rajalakshmi displays loan cards issued to borrowers enrolled in Mahasemam Trust’s Microfinance Loan Program. Chennai, India. Over the last few decades, microfinance, or microcredit, has become a popular mechanism for economic development and poverty reduction. Microcredit can be defined as “programmes that extend small loans to very poor people for self-employment projects that generate income, allowing […]