The financial infrastructure we take for granted in North America doesn't exist for hardworking families in most developing countries. Almost two-thirds of the world's population have no access to financial services. If aspiring entrepreneurs in the developing world don't have personal assets to get started on their own, they probably don't have the financial services either – so their dreams remain just dreams.

When financial services are available, they are rarely favourable for those living in poverty. In most cases, a lack of other options means that intrepid entrepreneurs must borrow from loan sharks who can charge up to 10% interest per day or require outrageous collateral.

That's why microfinance is so vital. It provides an equitable and empowering way to give business-makers a chance in their local community. These are their banks. They are built to provide working people with the opportunity they need to transform their lives and break the cycle of chronic poverty with dignity.