Why Do Microloans

Women earn about $1.50 a day, imagine feeding and giving your family shelter. With only earning barely $2 a day. It would be very hard to keep your family healthy with food and water every night. But would microloans help these women in Africa suffering. Micro loans are supposed to help women in Africa and help with get the things they need. To take care of the family, by the things they need support themselves and others. Microloans help women in Africa that are suffering do all these things to survive. Woman getting this money to help support their family is helping them live, since the money they make is barely supporting themselves. But the real question is, could microloans be hurting these women. This is because micro loans or loans, you have to pay back loans. What are these women can’t get the money to pay back the micro loan. No matter how small the loan could be women in
It is better for the woman to not have to depend on their husband to get money. It can help them and make them more responsible to have their own money in account. This changes a lot for the family and helps the woman become more dynamic with the micro loan process. This can help the woman be more vital and empowered in the relationship with their husband and children. This can also help the generation of their family as well. For example the daughters could have a better chance of getting in micro loan if their mothers have earned their own micro loans in the past. Which this is where the education part comes in, this is where daughters could get an education from the woman’s microloans. Or they could earn their own micro loans and get their own education. But with lack of business training for the children it could be very hard for them to earn micro loans or keep the micro loans. So this could also be a very bad battle for woman getting microloans for education as