The purpose of a chapter is to lend money to people who do not have access to credit so that they may start their own small businesses. MILE provides educational information about microlending and assists chapter leaders in every facet of chapter development and operations. All chapters fall under the organizational umbrella of MILE headquarters. Training will occur the second weekend of every month in Milford, Connecticut. Attendees are responsible for their own travel and lodging expenses.
Additional training is provided through newsletters, manuals, and the Internet.
If necessary to help a chapter get started, MILE may loan the chapter a small amount of money. However, every community includes businesses and entrepreneurs that will be willing to provide a loan to the chapter. Or, they'll agree to guarantee a bank loan. MILE will provide additional information to help local organizers spread the word about their chapters. It takes as much time to process a large loan as it does a small loan and the smaller the loan, the smaller the profit to the bank.