According to the World Vision, one of the best ways to help people in developing countries is to facilitate access to self-employment and in turn, a secure future. However, for those who have not been lucky enough to get assistance from such charities, gaining access to a small loan to start a business is difficult. Microfinance was established to fill the gap left by traditional banks, for whom it wasn’t profitable to serve such a market.
Social enterprise, Good Return, is set to empower workers across the Asia Pacific region living in dire poverty. Through the online lending portal, Australians can make a one-to-one loan to an individual in Nepal, the Philippines, Tonga, Fiji or Cambodia so they’re able to start or expand a small business, grow their income, and lift their family out of poverty.