How World Vision microfinance works

http://worldvision.org.nz/microfinance
Millions of low-income individuals who would like to set up a small business to support their families are often excluded from doing so because banks won't grant loans without collateral to borrow against or a credit history. World Vision's microfinance programme seeks to address this problem by providing small business loans (also known as microloans or microcredit) and other financial services that give these individuals the working capital they need to grow a business and work their way out of poverty. Once repaid, these loans are then recycled back into the programme to help other borrowers break the poverty cycle, too.

Category:

Nonprofits & Activism

Tags:

• World Vision
• tanzania
• microfinance
• New Zealand