How 1x1M works - The short version
1. Borrower contact local partner; (How does 1x1M choose its MFIs)
2. Local partner disburses the loan and upload all the loan information to 1x1Microcredit.org; (why refinance)
3. Social Investors browse the web and fund one or more entrepreneurs. 1X1Microcredit send the funds to the local partner;
4. The entrepreneur makes repayments to the local partner. The capital is sent to 1x1Microcredit, so that the social investor can decide what to do next; (Monthly conciliation)
5. Social Investors can make another loan, donate to 1x1M, make a gift or withdraw the money.