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In regions of Georgia left devastated by its conflict with Russia in 2008, micro loans are making a big difference to rebuild lives and grant economic stability. With funding from the EU and the United Nations Development Program, seven microfinance institutions have assisted displaced persons, women entrepreneurs, small-scale farmers, and other socially and economically vulnerable communities to start up small businesses.
Micro loans work by granting small sums of money, usually between 400 and 3,000 dollars, to people who would otherwise be unable to start businesses. It provides a powerful path to economic independence.
Want to contribute to a microloan program? Check out our Gift That Gives More providing Education and Microloans for Guatemalan Women.