Micro-Lending Empowers Entrepreneurs Around The World
Wednesday, October 16, 2013
Jhuni’s options were limited. The 33 year-old widow had three young children to support. She could sew—a valuable skill in her village—but had no way to turn it into a sustainable business. With no access to capital, her outlook seemed bleak.
That was, until she applied for a loan of 30,000 Indian rupees, or about $550. Soon she had the funds she needed to build a prospering business, and she got it from individual lenders all around the world.