Microfinance (or microcredit) has always been connected with the development of entrepreneurs in developing countries through the lending of capital. Starting in the 1970s, microcredit programs began lending to groups of women who would collectively make sure the loans would be repaid. The amount of capital was relatively small compared to the lending practices of [...]
Filed under: Empowering Lives International, Entrepreneurs, microfinance | Tagged: Africa, ELI, Empowering Lives International, micro loans, Microcredit, microfinance | Leave a Comment »
