"Over time, I observed two repetitive phenomena:
1. There are many low income people with great potential
2. Most affluent people like to see results from their investments
So, with the help of some non-profits I was familiar with, we found industrious low-income
people who wanted to improve their lives.
Typical grants go for home-based businesses,
construction tools, office equipment and supplies, books, job training tuition,
licenses for day-care or cleaning businesses, insurance, down payments on necessary
cars and even working capital.
If you are an affluent person who believes in "grass-roots" capitalism, but do not
know the people to invest in, give MicroGrants your donation. We will see that it
is invested in the right "people of potential". If you can find your own worthy
recipient, please do and do not bother going through us.
The important thing is to get your money working productively."
Joe Selvaggio has never been a conventional thinker. While for decades the world of development equated microfinance with microlending, Joe was inspired by this movement and focused on a novel concept of microfinance: Microgranting. Believing in the power of teaching equity instead of debt, he founded MicroGrants and now has produced the book on microgranting: MicroGrants, It’s Working!
