Transforming Microfinance: A Christian Approach
Lend money to materially poor people so that they can start or expand microenterprises in order to earn a living. As a result, the incomes of the borrowers go up, lifting them and their families out of poverty. Moreover, as loans are repaid, the money can be lent over and over to lift even more people out of poverty. If one is looking for a sustainable approach to poverty alleviation, it doesn’t get much better than this!
Indeed, this “microcredit-for-microenterprises” story of microfinance is truly inspiring—so inspiring that for the past several decades it has been one of the leading strategies for alleviating poverty in the Majority World.
