Page 4 - Micro Credit

HANDS WITH HANDS
www.handswithhands.com 4
What is the benefit of Microcredit?
l Advancement of entrepreneurship and self-employment, thus
creating cash flow.
l Generally recipients would not receive credit from traditional banks,
often resorting to loan sharks often charging 50-150% interest.
l Supports individuals and families to climb out of poverty cycle.
l Enhancement of self-esteem and supports creativity.
l Encourages participation and initiation in solutions in local
community, due to the group nature of most microcredit delivery.
l Increase of education options for both adults and children.