Micro-finance Study 

• Microfinance- a general term to  describe financial services to low-income individuals or to those who do not have access to typical banking services
• Microloans- loans people money to help them get a kick start in a small business that they think will be beneficial to their village or town

What's a micro loan?

• A microloan is when a person lends a small amount of money to a developing business. Once the business is running good the lender will receive their money back
• Common use
• Starting up new businesses
• Products
• Clinics
• Machinery
• Furniture
• Schools 

What microfinance does for people

• Helps small businesses start up and keep running 
• An opportunity for people to buy livestock and small businesses
• Allows them to borrow money from somebody
• It can provide micro entrepreneurs with the capital needed to operate and expand their businesses
• Create choice, lets them switch jobs

Developing countries

• Poor people are less likely to be lent money
• Problems in developing countries that can be helped by Microfinance
• Malaria
• Drought
• Clean water
• Famine
• Poor health care
• Pollution
• Weak electricity

Bill Gates has the most mosquito nets in the world 

Micro Lenders

• Poor people pay more for loans then rich people
• Poor people have to pay more money for the same thing
• Maximum loans are $25,000