Microfinance

How Will the Intervention Help?

  • There is no health in absolute poverty
  • There are essentially no employment options locally
  • There is very little money or resources locally
  • Methods must be found to bring more money into the area
  • As small businesses grow, local entrepreneurs will employ local people

Required Materials

  • Motivated and responsible local people
  • Money
  • In other projects, women have been shown to be most successful compared to men

Building Process

  • Identify local people with sound business plans
  • Educate applicants about loans and repayment
  • Use loan repayment to re-invest in other projects

Total Monetary Cost

  • Variable, but averages between $50 - $200 US.  Never loan more than $100 US to first time loan recipient.

 

Resources