One of the reasons those living in poverty often stay poor is that they are trapped. Because they lack collateral, steady employment and credit, it is nearly impossible for them to gain access to traditional financing. Without the basic resources that so many of us take for granted, they remain caught in a vicious circle.
Micro loans are helping to change that vicious circle. These very small loans are designed to spur entrepreneurship among those living in poverty, allowing even the most severely impoverished people to start their own small businesses, generate an income and, in many cases, begin to build wealth and exit poverty.
Traditionally, micro loans are person-to-person loans, facilitated by a micro-lending organization. An individual lender like you chooses a loan recipient by browsing profiles online, and the facilitating organization makes sure the money gets into the right hands.
Time and time again, micro loans have proven that it is indeed possible to provide credit to the poor with great success and help lift millions out of poverty.
Thus the MATT Micro Loan Initiatives take aim at decreasing poverty by increasing the number of entrepreneurs in rural areas in Mexico and spark small businesses in the United States via strategic partners in both regions.
