MICROFINANCE

IDYDC Microfinance means that providing very poor families with very small loans to helpe them engage in productive activities or to run small sustainable businesses and thus to enable them to meet their basic needs and improve their livelihoods.
Microfinance is the most powerful tool we have identified to help the very poor, those living below $1 a day.

IDYDC Microfinance most commonly it involves making small loans to poor women and Youth to enable them to start and grow small businesses. The additional income from the business helps a poor family to buy basic needs such as food, clothes, access basic health care, educate their children, save a little and towards a better future hence many of them in due course, pull themselves out of poverty.

Microfinance is one of the poverty alleviation mechanisms that the United Nations Millennium Development project has adopted to meet its goal to eradicate poverty.
IDYDC Microfinance has come to include a broader range of services which include credit, savings, training, etc as it has been recognized that the poor who lack access to traditional formal financial.