As you can read in The succes of microloans, the fruits of these programs are now beginning to blossom.
The poor who were suffering greatly and were deprived off their basic human rights like food, shelter and clothing can now provide for themselves. Before, they were suffering from mal-nutrition and other vitamin deficiencies, the children in Africa were dying of hunger because their families couldn’t make both ends meet.
Of course, these things still happen, but microloans have given many families a better life. They now earn enough to afford three meals a day, cover their bodies with adequate clothing and shelter themselves under a roof.
These loans are issued to people who are in desperate need of money, those who were losing the race to survival. And what’s new, microloans are even given out to women who want to start small at-home industries and play their part in supporting the family.
Everybody can now start a business or make the already existing ones flourish. A farmer may use the money to buy new tools, a fruit vendor might use it to buy a permanent shop. In one way or the other, these loans are helping those in need, world wide.