Why Micro Loans?
In rural villages of East African countries, where jobs are few, MICRO LOANS give impoverished women the opportunity to provide better nutrition, housing, health care and education for their families.
49% of people living in Sub-Saharan Africa live on less than $1.25/day. $1.25 is not enough to pay for food, medicine, proper shelter or schooling for their children.Worldwide, 58 million primary school-age children are not in school. 60% are girls. Where we lend, public school is not free. Poverty is the leading cause of children not attending school. (UN MDGs, statistics)
Micro Loans Meet the Challenge:
Micro loans are small loans of $50 - $300 that we provide to impoverished women in rural villages in East Africa, where capital is otherwise inaccessible to them. These loans allow impoverished women to develop a small business that increases their income, enabling them to provide for their families' basic needs and lift them out of poverty.
Why Do We Loan to Women?
Women are 3 times as likely as men to reinvest in their family, business and community.
Micro loans are loaned out to women, repaid, then loaned out to more and more women, again and again; they truly are the gift that keeps on giving. Learn More