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.
![Women working on a table with various fruit.](https://microfinancingafrica.org/wp-content/uploads/2017/12/Revolving-Loan-Fund-662x1024.jpg)
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 …