A lot can be achieved with small loans. They are the driving force behind economic development in entire regions or even countries. But the financial returns for investors are impressive too.
Do something worthwhile with microcredit
On the road to entrepreneurial independence with microcredit
People in developing and emerging countries do not need much to be able to build up an economic livelihood for themselves. Even EUR 50–500 is often enough to help someone start living a better life. Pin Phi, Lize Nhaca or Nino Gegia are examples of some of the microentrepreneurs living in Cambodia, Mozambique or Georgia. They have used the money equivalent to EUR 50–500 to buy a sewing machine, a fishing net or goods for their small shops, as well as some food for themselves and their families. They are using their new income to improve the living conditions of their entire family – they can eat regular meals, their children can go to school, the list goes on.
What is more, they are extremely reliable borrowers. The repayment rate for the loans is approximately 100 per cent, which is much higher than the rate for consumer loans in industrialised nations for example.