Income Generation Sponsorship
Income Generation Sponsorship – Microcredit Print

Income Generation Sponsorship – Microcredit - "Tanmiyat Al-Moujtama'a" 

Microcredit is the extension of very small loans (microloans) to the unemployed, to poor entrepreneurs and to others living in poverty that is not considered bankable. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit.

Microcredit is a financial innovation where it has successfully enabled extremely impoverished people to engage in self-employment projects that allow them to generate an income and, in many cases, begin to build wealth and exit poverty.