Microfinance

Microfinance

Astonishingly,  over one-half the world’s population live in extreme poverty of $1/day or near poverty $2-5/day. The human cost of poverty is 30,000 children who die each day; 11 million each year. Many of these families cannot break out of the poverty cycle because they do not qualify for small business loans through banks. Microcredit lending begins to bridge this gap and make microloans as little as $50  for individuals to start a small business.

Ayesha is the leader of a group of 12 women in Dera, all HIV positive, who applied for a microloan of $240 each to start a sheep fattening business. The sale of sheep is profitable and desirable in Dera. However, the drought has made this business impossible. Today she sells traditional bread, injera, at the Dera market.

Dera MarketWomen selling at the market