In the developing world where people make less than $2 per day, your contribution of any amount will make a significant difference. Consider that for every $100 donated or loaned, a job is created which then supports nine other jobs.
Micro Financial Savings work is enabled through an extensive network of microfinance organizations around the world known as Field Partners. The Field Partners are best positioned in the developing world to screen borrowers, distribute and collect loan repayments. They also meet with the entrepreneurs on a regular basis to work with them on the successes and overcoming challenges of the business. The Field Partner provides the Micro Financial Savings team with the latest "on the ground" intelligence about how to best utilize and distribute its funds to the poor.
Typical recipients of microloans are poor and low-income people that do not have access to other formal financial institutions. Most of the people are often self-employed and run small businessess including street vending, retail stores, crafts and a wide variety of other services.
Microfinance is a practice of lending money to people in the world earning about $ 1 per day who do not have access to typical banking services. Through small dollar micro loans typically averaging between $25 - $ 100 the poorest people in the world are given a chance to escape absolute poverty.