High-cost, short-term car title loans are leading individuals to obtain risky credit lines.
Economy
http://www.kiva.org – Kiva lets you make a loan to a particular low-income business owner– empowering them to lift themselves out of poverty.
Takhmina, Tajikistan, Solutions: Sewing
http://www.kiva.org/lend/636917
Takhmina is a 22 year-old seamstress living in the city of Konibodom. She is married to Azim, and they have a three-year-old child. Azim is a service provider and takes orders to fix apartments. Takhmina is included in stitching in the house and sews women’s national outfits. Her husband assists her. He uses his own automobile to bring bought fabrics from the city of Khujand and takes her completed gowns to a market for sale. Takhmina has been associated with this company for the last 3 years. She has an extremely old sewing machine that causes hassles for her work. Presently, she is requesting this loan to purchase an electronic embroidery device. Takhmina desires to broaden her company and stitch not just normal dresses, however make lovely embroideries on them. Undoubtedly, these outfits will certainly cost more than ordinary ones, and her income will enhance.
