Why Microfinance?

Why Microfinance Alleviates Poverty (not just a temporary relief solution)
    With many dying and poverty worsening every day, it is important that action be taken now. Micro-finance offers equal opportunity to the world’s poorest people and countries, working as a realistic solution to alleviating global poverty. Micro-lending makes the previously impossible option of self-employment a reality. With increased opportunities, higher incomes are available. Self-employment is a realistic solution to raising living standards above poverty level because there is endless room for growth. Self-employment is especially sensible method of employment in underdeveloped countries where many have skills to create their own goods and there are rarely licenses or insurance needed to begin such an operation. In a country like the US, expensive licenses and insurance are often impossible hurdles to starting your own business because significant capital is necessary to get started. In underdeveloped countries (like Bangladesh) a micro-loan is all a woman needs to buy the initial capital to create and begin selling baskets (for example).