Microfinance Learning Quest: Select

Background information What is microfinance? Who is eligible for a microcredit loan? What happens when a borrower cannot repay their loan? What support is needed to assist people to develop a small business? Microfinance Cooperative How will you generate capital (savings, grants, loan)? Who will you lend money to (proven savers, profitable businesses, people in difficulty, women/men...)? How much money will you lend to a borrower at one time? What repayments (rate of interest, length of time for repayment) will you expect? How will you guard against too many people defaulting on a loan? What support will you provide to your borrowers (training, extension of loan, reduced interest rates...)? Microenterprise developers How will you develop your microenterprise? What resources do you have (people, knowledge, raw materials, time, money)? What problems might prevent you from producing your goods and how will you overcome these? How much will you need to borrow? How you will repay the loan?