Thursday, June 24, 2010

Fantastic idea small loans to women in poor countries



The Grameem Foundation provides poor communities with access to capital to make micro-loans to women who are working to develop or expand a small business. In many of the poorest countries micro businesses are the only way for families to escape poverty and give their children the opportunity to go to school.


As clients repay their micro-loans, the funds are recycled into new loans, multiplying the number of poor people who can begin their journey out of poverty.


Fantastic concept http://www.grameenfoundation.org/who-we-are

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