Microfinance

“If you give a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime.”

~ Lao Tzu ~

Microfinance is the provision of financial services to low-income clients, including consumers and the self-employed, who traditionally lack access to banking and related services. More broadly, it is a movement whose object is “a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers.”

The World Bank estimates that more than 500 million people have directly or indirectly benefited from microfinance-related operations

Women make up 80% of first-time microfinance borrowers

More than 2 billion people lack access to financial services

Self-employed poor people make up half the labour force in the developing world

Empowering people at the grass-roots level

Microfinance schemes are an excellent way to empower individuals and communities. We will provide people with the necessary financial support, tools, and equipment to start a small business. For example, provide poor people in rural Pakistan with sewing machines to make clothes to sell in the marketplace, leading to financial independence to support themselves and their families.

It’s a way to expand options for poor people by offering more reliable financial services. Extremely poor people need these services just like everyone else, and the availability of capital to deal with irregular and at times unpredictable incomes is a huge help to them. This benefit, along with its impressive growth around the world, arguably makes microcredit a success.

Donate from just £80 today

£80 One Off

Could provide a sewing machine

£150 One Off

Could provide basket weaving equipment

£200 One Off

Could provide farming equipment and tools

£250 One Off

Could provide small-scale traders with the means to start a small business

Your donation to our microfinance scheme will lift people out of poverty

Microfinance can help break the cycle of poverty and remove barriers to financial independence and freedom. It helps low-income households to stabilise their income flows and save for future needs. In good times, microfinance helps families and small businesses to prosper, and in times of crisis it can help them cope and rebuild.

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