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What We Do
Microfinance Is More Than a Loan
Microfinance programs come in all forms. A “dollars-and-cents” financial loan structure is the foundation. Microfinancing Partners in Africa also applies the principles of microfinancing to program (cows, water, health, education). Each of our programs requires that members save or invest in some way; clearly communicate the terms by which the loan will be repaid or paid forward; train and support members to navigate the inevitable obstacles; and ultimately empower communities to implement economic solutions at the grassroots level.
- Key #1: Applying microfinance principles across our programs.
- Key #2: Partnering with grassroots programs to achieve the mission.
How Microfinancing Theories Apply to All Our Programs
1. Microfinancing
Local grassroots microfinancing organizations offer training, support, and a reliable method of saving, borrowing, and growing a business.
2. Saving
Individuals start saving or investing effort in some way.
3. Training
Small groups train together and support each other.
4. Improvements
When the loan is repaid, the income project grows. Savings accumulate. Family nutrition, health, and schooling improve.
5. Transformation
People transform into donors and leaders, helping their neighbors and solving community issues.