Micro financing Lake Summar Jonathon Loyd. Micro financing  Micro financing: the lending of small amounts of money to low interest to new businesses.

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Micro financing Lake Summar Jonathon Loyd

Micro financing  Micro financing: the lending of small amounts of money to low interest to new businesses in the developing world  How it has been used-  Small loans from NGO or other nonprofit to individual at low to no interest rates

Micro financing  Who funds:  Alumni, community members with disposable funds, those looking to help with college graduation rate issues  Organization to go through applications  Match students with individuals providing the loans  Easier to keep anonymity of students in need  Take care of contract an legal issues  Students of MTSU work in organization to help run the administrative side

Micro financing  Students must:  Promise to pay loan and interest back in full  Students must promise to finish degree or pay back loan with large interest  Who is eligible:  students that have children and are seeking a degree (full time students)  must show proof of financial need

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