THOUGHT FOR THE DAY

Questions

"Sometimes the questions are complicated and the answers are simple."

- Dr. Seuss (1904 - 1991)

TOPIC OF THE DAY

Microfinance

Microfinance is a field that focuses on providing a variety of financial services to the poor. Typically, individuals with very little income experience great difficulty in taking advantage of things like savings opportunities and insurance products. Often, low incomes go hand-in-hand with a lack of collateral and credit, making it difficult for the poor to obtain loans, invest, and enjoy insurance protection. Microfinance seeks to eliminate this problem, providing microinsurance, microloans, and other financial services to low-income people.

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