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Micro financing

Micro financing . Lake Summar Jonathon Loyd. Micro financing. Micro financing: the lending of small amounts of money to low interest to new businesses in the developing world How it has been used- Small loans from NGO or other nonprofit to individual at low to no interest rates.

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Micro financing

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  1. Micro financing Lake Summar Jonathon Loyd

  2. Micro financing • Micro financing: the lending of small amounts of money to low interest to new businesses in the developing world • How it has been used- • Small loans from NGO or other nonprofit to individual at low to no interest rates

  3. Micro financing • Who funds: • Alumni, community members with disposable funds, those looking to help with college graduation rate issues • Organization to go through applications • Match students with individuals providing the loans • Easier to keep anonymity of students in need • Take care of contract an legal issues • Students of MTSU work in organization to help run the administrative side

  4. Micro financing • Students must: • Promise to pay loan and interest back in full • Students must promise to finish degree or pay back loan with large interest • Who is eligible: • students that have children and are seeking a degree (full time students) • must show proof of financial need

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