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About: Microgrant     Goto   Sponge   NotDistinct   Permalink

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A microgrant is a small sum of money distributed to an individual or organization, typically for hundreds or thousands of dollars, with the intent of enabling the recipient to develop or sustain an income-generating enterprise. Often they target individuals living on less than $1/day, extreme poverty, for the purpose of creating a sustainable livelihood or microenterprise. Recipients of microgrants can also be organizations or grassroots groups that are engaged in charitable activities. se to seek out a loan, or do not qualify for a microloan or other form of microcredit.