Microfinance continued

microfinance- is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services.

microloan- loans people money to help them them get a kickstart in a small business that they think will be beneficial to their village or town.

• microloans help:
• investments in infrastructure
• education
• legal reforms
• what microfinance does:
• provides people who don’t have the money to get a loan to start a business
• It helps small businesses start up and stay running
• it is an opportunity for the people less fortunate to have something they may not be able to afford
• it allows people to build up their assets
• in developing countries the majority of the people are poor
• poor people are the least likely to be helped by regular banks
• problems microfinance can help:
• malaria
• drought
• clean water
• * Bill and Malinda Gates have the most supply of mosquito nets*
• loans help people..
• with small businesses to get a kick start on what they want to do
• they may get...
• funds
• structure investments
• housing
• help for the economy in small areas near by
• with more small businesses there won't be as many large corporations
• this means...:
• This means that wildlife areas in villages will be healthier because of reduced fumes from factories. 
• This means that people will have a better quality of living. Areas that are consumed by large corporations have pollutants in the air and unhealthy living conditions 
• Microlender- is an organization that makes business loans to individuals who are not able to obtain financing from traditional lenders. Microlenders typically charge higher-than-average interest rates; their maximum loan is usually $25,000 or less. Recipients of micro-loans are typically individuals in poverty or in development zones in the U.S., or who live in developing nations.