How does Microfinance Work?

Microfinancing is a means for people, most often business owners in lower income countries, to borrow money to grow their business. Most of the time they borrow this money though places like Kiva, from other people. By borrowing money from other people they are able to get the money they need and pay it back on terms that are good for both the borrower and the lender. To find more information click here: