Micro financing

The accessibility to the money lenders usually restricted to the big business men, corporates and the educated people, property holders. There is a huge slice of the community who can invest as well this money but they don't have the above privileges to benefit from and to benefit the society.

Micro finance is simply targeting these people. It will lend them very small amounts of money like probably 100 USD to start very small projects. There are billions of people in this world who can initiate small projects out of this money. Street merchant , tiny shop, or even house wife who would like to have sewing machine. We can turn them from street beggers or dependents to productive persons in the society and value makers and independents.

Micro-financing could open the cash flow to new levels and raise the level of the poor to reasonable and accepted economic level. It was experimented successfully in Bangladesh and it has proven that it is effective and practical way to transfer great part of the society from deep poverty to accepted level.

In Egypt we have dependent wives, widows or uneducated persons who can be turned to productive persons by just lending them sewing machine, or chicken raising or any of these small business, there are thousands of ideas and works can be done by this category and it needs the minimum level of follow-up and supervision to ensure the streaming of the business.

Micro financing needs complete structure of several elements to produce its fruits;

1) As a passive and aliened people in the society we need to approach them and encourage them with zero risk projects.

2) Close monitoring and supervision in the start till they prove their responsible independence.

3) Giving them chance to be supplier from wherever they are , for a big machinery market.

4) Leading examples from the same category ( village women, illiterate men, ex-homeless..).

5) Growing their business by the time.

6) Plain and simple communication way. Don't ask the village worker about the expected ROI (return on investment if you don't know).

I'm pretty sure that I can prove mathematically that circulating the saving in this category can be profitable like or probably more than some of the big projects.