Microcredit loans are specifically created for people living in impoverished countries.
They are a way of giving and assisting people to start up their own small business and to gain income to support themselves and their families. Many organisations in developing countries will also give a microcredit loan to a self-help group so that as a group they can start a business and generate income.
So often poverty renders those affected powerlessand the ability to support themselves and their families is near impossible. When putting food on the table is a luxury is some countries, being able to earn an income changes the course of most families lives. Microcredit loans give back a sense of control and empower the individual to provide for their families and their future.
Many TLM projects are including microcredit programs to assist not only those affected by leprosy, but also people with other disabilities, and also family members of leprosy-affected patients. In 2009 10,072 people were assisted with financial services through Leprosy Mission projects. Of all the people who received assistance, 23% were from Africa, 21% in Asia, and 56% were in India.
Micro-credit loans are helping people in the developing world to get back on their own feet and make a difference to their lives and the lives of the generations after them.
If you would like to help someone change their future through a Microcredit loan, please click here....