One Small Mico-Loan Started a Business
Microlending is a solution for assisting borrowers in underdeveloped communities and countries. In those areas, the system of lending in small amounts has successfully encouraged entrepreneurship and economic growth for developing nations.
The women who make Kilimanjaro Carriers start by obtaining small cash amounts to purchase the fabric. When aprons are finished and sold, the revenue from the product is divided between repaying the loan and compensating the seamstress.