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"Give a man a fish, he'll eat for a day. Give a woman microcredit, she, her husband, her children and her extended family will eat for a lifetime."
Bono, musician and philanthropist
Microdreams is a non-governmental, non-profit organization and a registered charitable organization in the United States and New Zealand.
What is Microenterprise Development?
The heart and soul of microfinance
Microenterprise development is a very specific type of microfinance: providing loans to the poor for income-generating activities.
Microenterprise development is the heart and soul of microfinance because it provides those stuck in poverty with the tools to begin to pull themselves out.
At the core of microenterprise development is the micro-entrepreneur: one who starts and runs a microenterprise, or a small business. These
microenterprises may be something as simple as selling pancakes, raising chickens or making baskets. As the business generates income, the micro-entrepreneur repays
the loan and reinvests the profits in her business.
Successful microenterprise development, the MicroDreams way, provides much more than simply loans. MicroDreams’ partners also provide savings
and insurance products, as well as training, ongoing guidance and motivation to help ensure micro-entrepreneurs’ success.
Once the microenterprise is made a success and the initial loan is repaid, the micro-entrepreneur becomes eligible for additional microfinance services such as financing for
basic housing improvements and childhood education.
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