who is opportunity international canada?
Opportunity International “unleashes the power of entrepreneurs in the developing world. Their innovative approach and services allow more people to expand their businesses, create jobs and change the world.”
They achieve this by leveraging microfinancing which, “provides small or ‘micro’ loans to people not served by banks because of their poverty, lack of collateral, illiteracy or lack of formal identification documents.”
According to OIC, “Microfinance now encompasses a broad range of financial services for those living in poverty such as credit, savings and insurance. These products are designed to assist people in poverty, who lack access to financial services in the mainstream banking sector, to develop their small businesses, save their earnings, and guard against risks.”