Are Opportunity clients charged interest on their loans?
Like nearly all microfinance organizations, Opportunity International charges interest in order to cover its costs and achieve operational sustainability. As the Consultative Group to Assist the Poor (CGAP) explains, “Administrative costs are inevitably higher for tiny microlending than for normal bank lending. For instance, lending $100,000 in 1,000 loans of $100 each will obviously require a lot more in staff salaries than making a single loan of $100,000.” Interest rates vary greatly around the world and reflect a variety of factors, such as prevailing inflation rates and the local costs of borrowing. [Top] How can I make a donation? There are a number of ways to donate to Opportunity International. At opportunity.org/give, you can fund the loan for an entrepreneur in the country of your choosing, give a gift card, start or join a fundraiser, or create an ongoing giving plan. It is also possible to donate via telephone, fax or mail; however, donating via opportunity.org/give is the
