| Microenterprise is the provision of tiny low-interest loans, or "microcredit", to very poor people in developing countries in order to help them start or expand self-employment ventures and pull themselves out of poverty.
Sen. Sarbanes (MD) introduced a bill that would have authorized microenterprise development grant funding at $175 million in fiscal 2003 and $200 million in fiscal 2004 - "a modest increase", says RESULTS President Sam Daley-Harris, "for one of the most cost-effective development strategies available". |