
MICRO CREDIT(NO-INTEREST)
A Completely Selfless micro-credit project is the solution to the poverty alleviation of a huge group of people in poverty. The Mia Foundation has shown that it really keeps people out of poverty. But it has now made a difference in the lives of the poorer sections of society.
The idea was simple enough: such as someone living in a poor boss with a very small loan. The Mia Foundation helps them expand a small business that will lift their families out of poverty. When they repay the loan, the money is passed on to more borrowers and more families can be lifted out of poverty.
By providing non-interest-free micro-loans to poor borrowers, the company provides a few dollars a day or less to the donor population to finance these non-interest-free micro-loans and the number of borrowers.
The microfinance movement has indefinitely succeeded in introducing financial services to the poor across many regions. But what has been its track in lifting people out of poverty?
