Microcredit Enterprises, a US non-profit which provides loans to microfinance institutions (MFIs), announced in a recent press release that it has altered its lending criteria to focus more on the social impact of potential borrowing MFIs. The organization will change its investment strategy to one which is more oriented towards “MFIs who operate comprehensive social service programs, such as women’s empowerment, health education or business training for micro-entrepreneurs”. It will also focus on those institutions which offer lower interest rates to impoverished borrowers.
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