ZAMANATH

ZAMANATH – Interest Free Micro Loans

Microfinance, also known as microcredit, is a financial service that offers loans, savings and insurance to entrepreneurs and small business owners who don’t have access to traditional sources of capital, like banks or investors.

Majority of the people are too poor to save for their basic needs. We have to save to avoid “living from hand to mouth”. We regularly face many of life’s worse challenges and live in instability, insecurity, often despair of work and income. The poor obviously are much needy and incapable to meet their objectives as non-poor: health, education, shelter, food, clean water, clothing, child care, old people’s care, safety, transport, stability, to be able to organise their lives and that of their loved ones. This means obviously that they need to be more careful with the little money they depend on for day-to-day life; that they need to plan more and manage better their finance than non-poor people have to.

Our Goal

The idea is to provide extremely poor people with small loans so they can start and operate a business. The borrowers are able to save money and pay back the loan over time. … The idea behind microfinance is to empower borrowers by helping them build a business which can create income and grow.