CFO.com on microfinance and Opportunity International
CFO.com has a good article about microcredit/microfinance with a lot of quotes and stories from Opportunity International.
Advocates of microcredit, also called microfinancing, contend that it's a modern-day example of the old Chinese proverb, "Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for life." The concept is to provide seed capital, in most cases less than $200, to entrepreneurs too poor to qualify for traditional bank loans. The expected result for the businessperson's family is a self-sustaining income.link
Advocates of microcredit, also called microfinancing, contend that it's a modern-day example of the old Chinese proverb, "Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for life." The concept is to provide seed capital, in most cases less than $200, to entrepreneurs too poor to qualify for traditional bank loans. The expected result for the businessperson's family is a self-sustaining income.link
0 Response to CFO.com on microfinance and Opportunity International
Post a Comment