Micro-loan is one type of loan that provide by non-profit organizations.

Requirement: apply through non-profit company’s website

Target audience: women, low to middle income families and workers, low to middle class, minority group, small business, startup business

Pros:
1. no need for credit history
2. loan lenders guide the borrowers of their business or financial plan to help them success
Cons: interest rate will be higher than other regular loans

Reference: https://www.americanexpress.com/en-us/business/blueprint/resource-center/finance/what-are-micro-loans/