Comments on: Starting Your Own Microcredit or Microfinance Franchise

By: Nate Ritter

Nate Ritter — Wed, 28 Dec 2011 23:44:44 +0000

Florence, thanks for commenting. I get a bunch of people contacting me asking for assistance to build a microfinance organization. The thing is I’m not an expert in building them from scratch. I might suggest that you could actually talk to your local MFI (microfinance institution) about financing what you want to build. It may sound funny to get financed to be a financier, but that’s probably the most sensible suggestion I can give.

One caution: If you aren’t good with finance, I’d suggest taking some classes before even considering building one of these organizations. You may have good intentions, but without the experience, finance companies are the fastest to drown themselves.

By: Florence Armah

Florence Armah — Wed, 28 Dec 2011 11:10:33 +0000

Hi Nate! I’m glad to come across this helpful info. Setting up a micro fin. Org. is my passion & dream. However, my problem is the capital to start, since i don’t have any. I need your help, what should i do?

By: daniel essien

daniel essien — Thu, 08 Dec 2011 14:56:52 +0000

i really wanna start a micro finance company but shot of ideas and format.

By: Mags Mwangi

Mags Mwangi — Thu, 01 Dec 2011 03:16:47 +0000

I wish to help people who have no access to any form of support. This is a great as you work with communities and see them get out of poverty. Where and how can one start. Any help is appreciated so that I can make a difference in Kenya.

By: nate

nate — Wed, 27 Apr 2011 18:55:59 +0000

Hi Dave, You might check out MicroPlace. That's where we invest, get a return, and have helped quite a few people begin their journey out of poverty by way of entrepreneurship. I highly recommend it.

By: Dave G. Roman

Dave G. Roman — Wed, 27 Apr 2011 13:16:35 +0000

Im due to retire soon and I am currently looking for an investment for my retirement money. My dream is to be able to help people and at the same time provide a sustainable income for my family after I retire. I dont know anything about Micro financing but I am driven to it and very interested to know more about it. I would appreciate if anyone can enlighthen me about it and provide me necessary information about micro financing. Hope to hear from anyone soon ! Cheers, DAVE

By: nate

nate — Tue, 11 Jan 2011 08:32:26 +0000

Domenic, I have a contact form you can use to contact me at any time. Feel free.

By: Domenic Mancuso

Domenic Mancuso — Mon, 03 Jan 2011 21:54:54 +0000

Hi Nate – how can I contact you by phone or email?

By: dan

dan — Fri, 28 May 2010 23:33:47 +0000

Hi
Since i heard of MFI i cant stop thinking of it, to be able to help people and make a living at the same time.
Saddly, lack of info and know how, are big impediments.
If I would overcome that i would star right away.
best regards

By: ASHOK ARAKERI

ASHOK ARAKERI — Fri, 12 Feb 2010 09:12:45 +0000

I have started a microfinance org in my village moratagi tq:sindagi dist: bijapur karnataka state India..at an interest rate of 12% per year..
by this i am earning little but feeling great…i always want to throw a helping hand who needs…i am investing small amount in it..but it helping lot of poor people to improve their financial status…