is an innovative, anti-poverty venture which leverages private
capital to make small business loans to impoverished people, mostly women, in developing countries.
MicroCredit Enterprises leverages the collateral assets of individuals and institutions to borrow
debt capital in the United States which is channeled through locally-run, non-governmental
microfinance organizations overseas. Most loan recipients have no credit history, no collateral
and no formal education, but with microloans they are able to create and build home-based