MBK Ventures

MBK s mission is to improve the living standards of ...

Overview

Along with other microfinance institutions around the world MBK believes that the availability of working capital is one of the most effective and direct weapons to fight poverty and unequal income distribution. The central assumption is that the poor have developed survival skills and are prepared to work hard. However they have more skills and time than they can use. Also poor people do not receive the full value of their work because moneylenders who often charge 20 percent interest per month take away a significant portion of their income.