Microgrant
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A microgrant is a small sum of money distributed to an individual living on less than $1/day, extreme poverty, for the purpose of creating a sustainable livelihood DevEd 22:04, 15 April 2008 (UTC)or microenterprise. While microfinance and other financial services are intended to serve the poor, many of the poorest are either too risk-averse to seek out a loan, or do not qualify for a microloan or other form of microcredit. Organizations such as the Trickle Up Program, started by Glenn Leet and Mildred Robbins Leet in 1979, offer microgrants in order to reach the poorest of the poor. [1] Reference: The complimentary use of loans and Grants-Vimala Palaniswamy
