Jon Bishop CEO at Envest Discusses Microfinance and Poverty

Microfinance, a financial service targeting low-income individuals, has emerged as a potent tool against poverty. By providing small loans, savings, and insurance to those traditionally excluded from formal banking, microfinance empowers individuals to launch businesses, invest in education, and improve living conditions. This access to capital fosters entrepreneurship, ignites local economies, and creates a ripple effect that uplifts communities.