The society at large has been classified broadly two categories, the rich and the poor. Over the years the distinction between the two has been quite remarkable but now it is time that the poor and down trodden are given an opportunity to upgrade themselves. The concept of micro finance is what gives them the much desired financial stability and security for the future.
The Joe Johnson Mercy Foundation is number one in promoting and encouraging more and more people to avail this unique opportunity and give a try to making life a tad bit better. This non-profit organization provides the micro finance that could also be referred to as small loans to those who approach them with the intention of funding a business that they long before wanted to set up. Since this organization is not dependent on sponsorships and donations for being able to give put these loans, there is hardly any chance of anyone returning empty handed from this lenient organization.
Often the creative and innovative side of the poor suffers a huge setback because of the lack of funds; micro finance gives them that support and helps them explore their creativity even if there is some amount of risk attached to it. They do not feel deprived anymore and give it their best shot so that they are able to get out of the hopelessness and despair of being poor.
You could say in a way, entrepreneurship is largely encouraged by this non-profit organization run under the able leadership of Joe Johnson, known as the Joe Johnson Mercy Foundation . Those working at this organization have taken up the task of taking the concept of micro finance far and wide. The experts of the foundation come forward and help those looking for funding towards the starting up of their business.
The microfinance helps the borrower gather the capital that is required to set up the business and also manage the little risks involves when it comes to the finances of the business. With time the business starts faring well and they earn enough to not just sustain themselves but to pay back the loan in small amounts. Added to that they even come to a position where they are able to save up a certain sum of money for their future use, thus making themselves financially free and stable.
As they start moving ahead with positivity of profits they are slowly able to leave behind the sad and morose life of poverty and indulge in better things life. This to some extent paves a way to the removal of social vices that are often born within the glum of the slum. The financial security that they are able to get with this type of loan urges them to want for more by working harder.
Unfortunately, the concept of micro financing and its positivities are still unknown to a whole lot of people. It is hence the duty of each person who is aware of this to educate all those who are uneducated about the happiness that micro financing can bring to their lives.