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What is microfinance really about

 2.5 billion people do not have access to financial services such as loans, savings and insurance. These people are microfinance institutions targeting. Providers in this market is NGOs (NGOs), cooperatives, self-help groups, member banks, commercial and state banks, insurance companies and specialized microfinance institutions.

A loan to a poor person can make a big difference. Access to a loan can make it possible to start a business. A loan encourages income-generating activities, with measurable effects on employment and economic activity in the community. A small loan to a person or family can also secure cash flow that is required to meet basic human needs.

Employment, resources and social status
Access to financial services for the poor also positively affects the national economy in developing countries by creating and sustaining employment and economic activity. Commencement of self-employment to improve a family income stream provides improved living standards. In addition, a loan often gives the poor what they need to recover from natural disasters, conflicts and other unforeseen economic and social difficulties. It also makes it possible for individuals to take control of their own circumstances.

Client stories on this website provide examples of microfinance in practice.

Links to more information about the microfinance sector can be found under the section "What do we do?".
Nordic Microfinance Initiative AS

Postal address:
P.O Box 1925, Vika, N-0125 Oslo, Norway

Visiting address:
Rosenkrantz' gate 22, 7th Floor, N-0160 Oslo

Telephone: +47 22 36 22 40
Fax: +47 22 42 89 01
E-mail: info@nmimicro.no
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