Microfinance deals primarily to the supply of loans, savings, other basic financial services to poor. These microfinance institutions are often non-profit organisation institutions. It helps poor people to create successful enterprenuers.
In this connection I want to inform you that there person to person micro lending website, empowering individuals to lend directly to unique enterprenuers around the globe.
On the other eventhough this instutions are declared a non profit institution. They still have earned for a profit. This idea was based on my previous study on Lebanon. However it is a great help that we have microfinance here in the Philippines.
In fact one of my freind told me that there was a microfinance in Marikina. It was facilitated by a Nun. And according to her it was a great success. So meaning microfinance here in the Philippine was a great success so investors try the Philippines.
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