| | Micro-Loans. Macro-Impact. KIVA loans that change lives | |
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| Microfinance is an emerging trend that is reshaping the way we bring change to the third world. Microfinance is the provision of financial services to poor or low-income clients with the purpose of reducing poverty and allowing for the sustainability of business practices in third world communities. Most of these services consist of small loans, but also included are savings, insurance, and fund transfers. Microloans are not a charity; all loan recipients are required to repay their loans as well as interest. This empowers entrepreneurs by giving them full financial responsibility for their businesses. With an average loan repayment rate of 98%, microfinance is a proven method of achieving sustainable business practices and reducing poverty. |
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