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Empowers groups to save money, offer loans to members, and invest in community projects. It emphasizes community empowerment and sustainability, and often leads to microenterprise development.

Pioneered by Muhammad Yunus in Bangladesh, this model provides small loans to groups of women without requiring collateral. The peer pressure from the group ensures repayment. Its impact includes poverty reduction and women's empowerment in rural communities.

Offers loans to individuals based on their creditworthiness rather than requiring group support. This model allows for larger loan sizes but could potentially carry higher risks for lenders. It has allowed for the targeting of entrepreneurs with strong business plans.

Common in India, SHGs are informal associations of people who choose to come together to find ways to improve their living conditions. They work by pooling savings and lending internally. The model has led to increased savings, lending, and empowerment.

This approach involves small, cohesive groups of borrowers who guarantee each other's loans. It encourages joint liability and is a risk reduction mechanism for lenders. Solidarity lending helps expand credit access to those traditionally excluded.

Provides assets as leased items to entrepreneurs which allows for its use while paying it off. It helps bypass the need for collateral and has been effective in asset acquisition for small enterprises.

This community-managed model involves small groups who save together and lend to each other at an interest rate decided by the group. It promotes local control and financial inclusion, indirectly supporting local entrepreneurship.

Member-owned financial cooperatives operate to promote thrift. They offer credit at competitive rates and other financial services to members. Credit Unions can significantly impact local development by increasing access to financial resources.

This model connects borrowers directly to lenders through an online platform without the need for traditional financial intermediaries. It can lower transaction costs and interest rates, and offers greater access to credit.