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Jovelee Maala didn’t know the Payatas Controlled Disposal Facility as the largest open dump site in the Philippines—for her, it was home. 

Opening in the 1970s, the site served as a fixture in Jovelee’s hometown, Quezon City. Local families built their homes there, and thousands more traveled to the site to pick through the trash, searching for items to sell—and when she turned 18, Jovelee joined them. 

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Many small businesses in middle-income countries have outgrown typical microfinance loan sizes but still do not qualify for commercial lending. Stuck in the “missing middle,” these companies have great potential to provide jobs and contribute to the local economy, yet credit barriers stand in their way. Continue Reading…