microfinance
DESCRIPTION
Microfinance. Helping Millions Help Themselves MicroBikeUSA Tyler Heishman June 2, 2008. Meet Moses Sali from Uganda. Moses started Luna Motorcycle Workshop Moses had hard work ethic but little money Spare parts were needed to grow business - PowerPoint PPT PresentationTRANSCRIPT
Helping Millions Help Themselves
MicroBikeUSATyler Heishman
June 2, 2008
Microfinance
Meet Moses Sali from Uganda Moses started Luna Motorcycle Workshop Moses had hard work ethic but little money
Spare parts were needed to grow business First loan purchased spares and attracted
customers After 10 loans:
Better quality of life Sends children to school Employs 3 people
Poverty in our World
What does it mean?
How is it measured?
How many people are poor?
Enabling Dignity through Profits Microentrepreneurs have strong business
ideas
Small loans are needed to finance growth
No bank loans moneylenders poverty trap
Dignity through lending
Michael Delorenzo • Tyler Heishman • Keith Kolakowski
Frederick Piumelli • Bryan Stinchfield • James Watson
COMING SUMMER 2008
Microfinance Today
2006 Nobel Peace Prize 2005 "International Year of Microfinance"
Total Active Borrowers: Over 57 million* Total Loan Portfolio (USD): Over $25
Billion*
* www.MixMarket.org
Carrying Our Lives on Bikes