Small Loan Programs for Budding Entrepreneurs

microfinance01Repaying loans gives people dignity and confidence. It stimulates goal setting and creativity.  It boosts the integrity of the recipient with a greater chance for responsibility and respectability. Accepting donations makes people feel dependent and powerless. These simple truths have attracted many to get involved in microcredit programs. It is key to the sustainability of thriving communities.

You can see it in the eyes of the borrowers as they complete an application, qualify for and receive a loan, run a small business, repay the lien and apply for another loan. It is a cycle that gives borrowers a strength they could never get from a handout. Microcredit organizations like Grameen Bank, Kiva and Accion are already changing the lives of thousands with these small loans. The initiative of microcredit is capable of establishing the financial health of communities and nations.

We are not far from the day when both small and major investors can have the satisfaction of knowing their money is financing the expansion of sustainable entrepreneurial endeavors as well as paying a return. The International Financial Advisory Group to the Microcredit Industry, which has members with backgrounds in accounting, finance, business and microcredit, is committed to making that possible.

After financing a number of entrepreneurial endeavors the next step is tapping the larger funding sources. Most microcredit organizations depend on donations when they start, but once an organization is a few years old and has documented its ability to recover loans, it can raise money in the financial markets. To do that microcredit organizations must keep meticulous records in accordance with standard accounting practices. A common accounting framework is the CAMEL system, which documents the Capital, Assets, Management, Earnings and Liquidity of an organization.

With accountability in place a relatively small organization with reliable contacts in foreign locations could be financing a multitude of entrepreneurs and revolutionize the economy of targeted regions.

29 Responses to “Microfinancing & Microcredit”
  1. bathrooms says:

    I have been following this blog for a while and think you are very accurate with the information, do you have any other blogs I can follow or ones you recommend? I really enjoyed reading this.

  2. traveler says:

    Thanks for your interest in Sustainable Life For All Nations. I would highly recommend you look at another blog: http://www.aquaponicsandearth.org I believe you will find even more information of interest on similar subjects.
    Steve McFarland

  3. Hi there, I have just stumbled upon this site whilst browsing on the Internet as I’m looking for some information on debt relief!. It’s a good site so I’ve bookmarked this site and intend to revisit soon to give it a more indepth look when I’m more free.

  4. Capital Firm says:

    Very nice information I am going to make a link area on my site and add you.

  5. I really liked your blog! Very nice information. I have added you to my google news feeder. I am going to make a link area on my site and add you.

  6. IR Firm says:

    I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the great work Look forward to reading more from you in the future.

  7. Stock Broker says:

    Great site been reading and will add your site to mine.

  8. alxtmb says:

    I want to quote your post in my blog. Can I?
    And can you get an account on Twitter?

  9. Hi there, been visiting your website frequently and admire what you have done very much. Though, if I am truthful, I am a little green with envy of your position in Google 😉 you beat me all the time lol. I have a comparatively new site and been getting pretty good results so far, but just curious what else to do in terms of promotion. I know it’s cheeky to ask, but can you advise anything? Thank you.

  10. Great Post!…

    [..] A little unrelated, but I totally liked this site post [..]…

  11. Hi, I found this blog post while was searching for merchandise related information on google and found it very good article, thanks for sharing

  12. Blanche Tahu says:

    Hello,I love reading through your blog, I wanted to leave a little comment to support you and wish you a good continuation. Wishing you the best of luck for all your blogging efforts.

  13. You are making numerous logical items with your write-up and would certainly go along with many of them.

  14. All people deserve good life time and mortgage loans or bank loan would make it better. Just because freedom is based on money state.

  15. This is such a great resource that you are providing and you give it away for free. I enjoy seeing websites that understand the value of providing a prime resource for free. I truly loved reading your post. Thanks!

  16. What Is FML says:

    Very nice information I am going to make a link area on my site and add you.

  17. Great site been reading and will add your site to mine.

  18. Thank you for the great post. this is just the thing I needed to read!

  19. It’s strange to see how many different sites the internet has on this topic I don’t know if I’ll need to come back here, but it is nice to know I stumbled upon the one that has some helpful information if this comes up for me another time.

  20. Sheila Lee says:

    I’m so relieved to find out that there is actually a little great content to find on the internet. I’m used to google delivering me junk.

  21. Always nice to stumble across a new website this great! I’ll be back for certain!

  22. I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the fantastic work Look forward to reading more from you in the future.

  23. I really liked your blog! I have added you to my google news feeder.

  24. Yes! thought your post is a good read!

  25. Web Hosting says:

    Thanks for this post, It was a great read which was very helpful.

  26. Web Hosting says:

    Cheers for this article, It’s a fantastic read which was extremely helpful.

  27. Good Evening, I do not normally post feedback on blogs, as I prefer to read only. However I find the blog that you have created earlier has very insightful information, and I discover it very informational. I was searching on Google 4 how to set goals information & stumbled your valuable web site. Could you create something the same special on how to set goals? Cheers. ~ Rosanna Kusick

  28. pikalaina says:

    Hey, I pretty much like your post and I would kind of want to refer to it in my website as well. Can I do that?

  29. Credit Debt says:

    These credit cards are extremely dangerous to teenagers who have no experience in the real world. They think they can charge now and pay later, but when the time comes, they either have no money, or don’t want to throw away their money on bills but on normal things like going out and having fun. Then when they realize they need, they’re in denial making it even worse and destroying their credit scores completely.

  30.  
Leave a Reply