Money management is a critical life skill. Those without it are often forced into a downward cycle of poverty and missed financial opportunity. Even minor setbacks can be devastating. The impoverished in developing countries are at an even greater disadvantage because of the general lack of financial education, fewer resources and challenging socio-economic conditions. Financial […]
Tag: Microlenders
FIU Microlenders
Rose is a merchant from Benin City, Nigeria who needed a small loan to expand her inventory by adding pepper soup and tomatoes. Like the majority of women micro-entrepreneurs, Rose is a responsible businesswoman who repaid her loan in full. She is also a poverty fighter. Her business expansion earned additional profits that she used […]
Small loans translate into empowered recipients and donors.
For recipients of micro loans, a small amount of money and a short amount of time can transform their lives. Similarly, in one short year, FIU Micro-Lenders has rapidly progressed and succeeded. Having begun as a community service project in the Business in Society course, part of the College of Business Administration’s BBA+ Weekend program, […]