Microlending and microfinance are two terms that are often used interchangeably.  Microlending is making a small loan through a microfinance company to a poor individual from an emerging or third...

The word economy describes a monetary system that encompasses a group of people, resources, land, production and consumption of goods.  If you’re discussing the world economy, you’re...

Many people get business partners when going into business, pooling money and talent can be very rewarding. I think one of the best ways to make money is to find a overseas business and make a...

It is a good idea to set up an organized system for tracking who and when you give loans to, as well as how much the loan was and how much the interest rate will be. That way, you will know when...

Before you give out loans, make sure to interview the clients and make sure they will be capable to pay the money back to you in a reasonable amount of time. Setting up a weekly or bi-weekly...

1. Decide the amount of money you will be able to loan at a time ($25, $100, etc.) 2. Establish a no-tolerance policy for late/missed repayments< 3. Establish areas you will be lending to 4....

Even though there are millions of people below the poverty line in the United States, it is difficult to sell micro lending to US customers for various reasons: 1. There is easy access to loans...

Unemployed people Poor people People who don’t have credit or collateral People wishing or struggling to start a businesses Families and people needing...

Micro lending is also known as micro finance or micro credit. This generally refers to the process of extending small loans to less fortunate people, usually in other countries. These loans are...

You don’t have to be a millionaire to start an international company. Micro lending is a strong emerging industry. Micro lending serves to be a great advantage to developing countries with...