Elon Microfinance Initiative


EMI is an organization that has three main aspects: 

1) provide underprivileged small business owners with loans through Kiva

2) complete a capstone microfinance project

3) give back to the community through organization-wide service opportunities

Between these three objectives, EMI offers a way to not only increase your academic knowledge but to use it in a way that benefits those that are much less privileged than we are. Currently, we have loaned out over $2,400 and have defaulted on less than $4. That's a default rate of less than .25%. Over the past twenty years, commercial loans in community banks have had an average default rate of 3%. We believe in what we are doing, and hope that you come check it out!

103 People | 4 Impacts | 11 Hours