Learn More About Microfinance
Why give to charity just once when your donation can be recycled?
Join us in impacting communities in Africa by providing a hand up from poverty to possibility. With each donation made, you’re supporting a business entrepreneur to lift themselves out of extreme poverty with dignity and respect.
MPA partners with grassroots organizations to help them expand their microfinancing efforts. Although our partners have different approaches to offering people a hand up, they have many elements in common. We have come to see these shared elements as best practices, or “Microfinancing the MPA Way.” They are:
- Lifting up people in extreme poverty
- Operating as a nonprofit (proceeds are folded in to reach more people)
- Embracing “first you must save”, valuing savings as well as small loans
- Open to anyone regardless of religion, race, tribe, ethnicity
- Providing ongoing training and support to ensure success
- Having accountability for loan repayments or pay-it-forward commitments
- Each of these projects is sustainable with or without MPA’s involvement
How Does Microfinance Work?
MPA’s best microfinance practices include: clear, fixed loan terms and rates; group training; support; emphasizing savings; focusing on income projects; expecting borrowers to pay it forward; and bolstering organizations to eradicate poverty.
MPA’s projects report 95+% repayment rates on loans; improved household savings; better family nutrition; improved school attendance and so many other benefits!
When you give, your donation is given to an entrepreneur seeking a business start up and when their loan is paid back, your donation is given again and again.
40% of Sub-Saharan Africa is Without Access to Clean Water
THE AVERAGE CONTAINER FOR WATER COLLECTION IN AFRICA, THE JERRY CAN, WEIGHS OVER 40 LBS WHEN FULL
HALF OF THE WORLD’S HOSPITAL BEDS ARE FILLED WITH PEOPLE SUFFERING FROM A WATER-RELATED DISEASE.
With each donation, you're helping an entrepreneur
to lift themselves out of poverty with dignity and respect.