According to the IFC’s working definitions, a microenterprise qualify with two of the three indicators: less than 10 employees; less than $100,000 in assets, and less than $100,000 in annual sales. Small enterprises employ less than 50 employees, and own less than $3million in assets, and less than $3million in annual sales.
In many of the countries we operate, Opportunity provides micro credit: small, collateral-free loans to the entrepreneurial poor for self-employment less than $10,000. Microcredit loans are crucial in breaking the cycle of poverty for those entrepreneurs who lack the collateral or relationships to obtain a loan from other financial institutions.
In China, Many of Opportunity International China’s clients go through a series of loans as their businesses grow, with the largest loans above $10,000 but no greater than $50,000. This enables clients to not only start their businesses, but grow them effectively, allowing clients to employ others in their family or community.