Microfinance - a form of financial services for entrepreneurs and small buisnesses lacking access to banking and related services
Microloan - a small loan given to individuals who may not have access to these typical bank services usually to start or expand a small buisness
Kiva is the biggest lending group in the world they have lent 498,939,550 in loan form there repay rate is 99.1%
Who recieves microloans? people trying to kickstart a small buisness, students wanting a further education, teachers to buy more desks or supplies, disease drought, generators refrigerator.
Problems with microloans high intrest rate someimes as high as 23% it cost more to be poor because of the intreast's
microloans are a help not a cure
Malaria = bad air its a mosquito born disease and it has no vaccine. it kills around 665,000 Bill and Malinda Gates founded microsoft and he is the number one supplier of mosquito nets. he has given away 28 billion dollars (1/3 of his profit)
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