Microfinance provides small loans to woman around the World.
These loans enable woman to operate their own businesses.
- The loans allow woman to raise their family’s standard of living.
- This results in better overall nutrition, health, and housing.
- Women are able to provide more schooling for their children.
- Women are empowered.
The World Bank estimates 160 million people in developing countries are served by microfinance.
I encourage you to visit http://www.kiva.org/ . Even if you are unable to contribute reading about the impact of microfinance is very encouraging.
The steps to offering a small loan are simple.
- Make a loan
- Get updates
- Get paid back
- Repeat process (if you choose to do so)
The best part of being involved with this giving opportunity is the connection you will receive to your borrower. When you provide a loan, you are able to choose the borrower. There are hundreds of profiles to go through featuring women, the country they are from, their story, and a photograph.
These women are our sisters in Christ, making their way with determination. I think it is touching that we can have a hand in moving them forward.
Global giving http://www.globalgiving.org/ is another place to visit to become involved in microfinance.
- Find a project (organized by topic)
- Fund your solution
- Follow your impact