How it works: Second-hand clothing from America or Europe - much of it donated through charities like Goodwill - is packed up in bales and sent to developing countries. Local entrepreneurs then purchase the used clothing and sell it at affordable prices in market stalls and shops.

Why it's important: New clothing of the type worn in America or Europe is too expensive for most residents of developing countries to afford. The import and sale of used clothing creates a viable substitute, makes it possible for local residents to acquire a wide range of clothing, shoes and even office wear at accessible prices.

What your loan can do: A small loan can allow a clothing retailer to purchase inventory in bulk, increasing profit margins while improving choice and cost for customers. A larger loan can make it possible for a retailer who has been selling clothing outdoors to move into a shop, improving the shelf life of the clothing and the quality of life of the entrepreneur.