What is Microfinance?

Microfinance is the general term describing financial services offered to those living below the poverty line who would otherwise not have access to such resources. It includes microsavings accounts, microinsurance, and microloans, which are small loans ranging from $100 to $3,000. Spartan Global offers interest-free microloans to aspiring entrepreneurs in impoverished regions, thereby providing the opportunity for loan recipients to invest in their business. Ultimately, this fosters sustainable social and economic empowerment, as it allows these individuals to improve their quality of life, the lives of their families, and their entire community.

Microfinance goes beyond philanthropy—it is a powerful, sustainable tool for social and economic transformation. In developing regions where banks are unwilling or unable to extend credit, Spartan Global offers opportunity to those who have been traditionally excluded from financial resources. Without access to loans, savings, or other basic services that are often taken for granted in the United States, it is nearly impossible for people to break free from the cycle of poverty. While philanthropy is able to offer temporary solutions, microfinance provides a foundation for systemic change because once the funds are repaid – as more than 99% are – they are lent back out and the cycle continues.

 How Spartan Global Works


1) direct loans with field partners

Spartan Global seeks partnerships with other humanitarian organizations who work on-the-ground in target communities. Termed "field partners", Spartan Global works directly with these organizations to undertake microloan projects that reach those in need of microcredit. As Green As It Gets has been our longstanding field partner since 2011. Past partnerships have included Esperanza en Acción.



2) loans through kiva

Spartan Global also maintains a loan portfolio on Kiva to connect with hundreds of funding agencies. Through Kiva, we have distributed microloans to more than 2,400 individuals and cooperatives in 72 countries. Our team profile can be viewed here.