We use the concept of microfinancing to support the businesses of local refugees. Microfinancing is "a service that is provided to low-income individuals or groups who otherwise have no other access to financial services. Ultimately, the goal of microfinance is to give low-income people an opportunity to become self-sufficient by providing a way to save and borrow money." By fundraising money and loaning specific amounts to the refugees we work with, we use the practice of microfinancing in a local setting. It works so that when the loan is paid back, we will be able to give them larger loans, and so on until their businesses reach their full potential.
Currently, the two refugees we are working with here in Raleigh, North Carolina are Ragheid and Arzoo.