Microloan is a financial innovation in the web. This is a new platform to connect lenders and micro-entrepreneurs. The extension of very small loans (microloans) to those who are in need encourages entrepreneurship.

The people with no collateral, lack of employment and not able to meet the minimal qualifications to get traditional loan from the banks, but they are interested to start small business or want to develop the existing business can apply for microloan.

Kiva is one of the popular ...