Loan officers are the men and women that go out and make loans to microentrepreneurs. With a motorscooter, a loan officer can visit and help more clients in a day than s/he can on foot, putting money into the hands of people who need it the most in urban and rural areas.
Microentrepreneurs need equipment to enable their businesses to succeed. Whether it's a bicycle repair shop, a tire repair business, or a textile manufacturer, owners need to invest in machinery and tools to make their businesses run efficiently and grow.
With a loan of $75, a client could buy fruit and vegetables to sell in the market. Then the client can use the profits from her sales to expand her market stall, enroll in a financial literacy class, and help send her children to school.
With a loan of $50, a client could buy bags of rice and cereal grains to sell in the market. Then the client can use the profits from selling the grains to buy more inventory, improve their home, and to hire an assistant.
With a used refrigerator, a market vendor can store perishable items such as milk, cheese, meat or fish and preserve them for longer availability and plan for future sales. This will help create a sustainable and secure business for the borrower.