About Microcredit :: Sea Change Foundation

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>	Muhammad Yunus wins Nobel Peace Prize for his inspirational work with ‘microcredit’
>	World leaders in ‘Microcredit’ www.grameenfoundation.org www.grameen-info.org www.fonkoze.org www.brac.net www.microcreditsummit.org
>	Projects currently being funded by Sea Change
>	What is Microcredit?
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About Microcredit

Historically the poor have been excluded from borrowing, as they do not posses the collateral required by the banks. Instead, they have fallen victim to unscrupulous loan sharks, or simply continued to exist hand to mouth.

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Microcredit Organisations are non profit making, non-government, financial institutions, set up for the purpose of helping the poor break this cycle of dependency and get onto the first rung of the development ladder

Microcredit is the distribution of tiny loans to the poorest of the poor, without the requirement for collateral.

Loans ranging between $20 and $200 provide the means to purchase the tools or supplies needed to start or expand a micro business that can range from weaving, sewing, grinding grain, reselling produce, growing and selling vegetables, catching and selling fish, raising chickens to sell eggs, raising goats to sell milk and breeding livestock etc.
Loans are often given with support in the context of a broader social support structure of
- free basic business/financial coaching
- free legal and civil rights advice
- free health and diet education

Thus ensuring the greatest chance of long-term success....

How can I help end extreme poverty
go to runjohnnyrun website

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