Microfinance loan programs are a powerful tool in breaking the cycle of extreme poverty, offering opportunities for individuals and communities to generate sustainable income and achieve financial stability.
Need:
One in three Africans live below the global poverty line which is currently $2.15 USD/day.
Poverty means daily hunger; child malnutrition; lack of access to clean water, shelter, and healthcare; little or no opportunity to go to school or learn a trade; constant fear for the future; and increased risk of exploitation and abuse.
Solution:
Microfinancing “the Microfinancing Partners in Africa way” challenges members to invest or save first, create a sense of community by helping group members overcome obstacles while managing income projects, and manage clear and fixed repayment terms.
Members in microfinancing groups assisted
Lives impacted
Report increases in personal savings
Report increased daily income after 2 loan cycles
73% of participants reported increased savings
Our Loan Program Heroes
Margaret Wanjiru
Margaret Wanjiru, moved to Kamulu, Kenya in 2014 after her husband built a permanent home for their …
Pamela Mmbone
Pamela prepares and makes samosas for sale but few people buy them during this pandemic period. …
Annah Wanyaga
Annah Wanyaga is 54 years old and has been through challenging times, but she is strong and has …
Snapshots of Hope
