Micro Finance and Business Development Support

“Sometimes, all people need is a little hand up and not a hand out”.
Many people living below the bread line in Africa are desirous of starting or expanding their small businesses ... but simply do not have the resources to do so.  They may not have collateral demanded by banks and other lending institutions. 

This is the philosophy behind this project which involves empowering small businesses.  Our goal is to provide “booster shots” and the financing that will enable small businesses to move from making barely enough to meet their basic needs (“living from hand to mouth”) to a point where they will expand providing employment and contributing to national development.

This project involves also providing the important training and support to ensure that these businesses succeed.

How you can make a difference: Donate towards a microfinance loan for a small business

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Develop Africa Microfinance and Development Program  

"Enabling the Power of Ideas and Entrepreneurial Energy Through Microfinance Development"

Today, microfinance plays a major role in the development of many African nations. Its impact is substantial enough to have warranted acknowledgment by the United Nations who declared 2005 "The international year of microfinance", reminding people that millions worldwide benefit from microfinance activities.

Microfinance consists of making small loans, usually less than $200, to individuals, usually talented youthnand women, entreprenuers to establish or expand a small, self-sustaining business. For example, a woman may borrow $200 to buy chickens so she can sell eggs. As the chickens multiply, she will have more eggs to sell. Soon she can sell the chickens. Each expansion pulls her further from the devastation of poverty.

Our Approach:

Our view is that the most important form of microfinance is credit targeted to disadvantaged  youth and women who are also talented entrepreneurs. If these people gain access to credit, they will expand their businesses, stimulate local economic growth and hire their less entrepreneurial neighbors, resulting in fast economic development. While this approach has had significant results in the developing world, it has failed to reach the majority of disadvantaged individuals, who depend on a  rural subsistence lifestyle and income. As urban-rural income inequities continue to rise in the developing world, this result is increasingly viewed with dissatisfaction.

Our Target:

We target talented youths and women in the city and rural areas in Africa. We employ a community driven and managed microfinance model where we play the role of facilitator, for instance providing capacity building services to the groups and building relationships with financial institutions.

Our Projected Outcomes:

• Self sufficiency for talented youths and women entrepreneurs
• Breaking of the cycle of poverty
• Facilitation and encouragement of the entrepreneurial spirt in the quest for self sufficiency
• Empowerment and self sustenance
• Economic expansion and growth creating unlimited possibilities for youths and women

Microfinance is a term for the practice of providing financial services, such as microcredit, microsavings or microinsurance to poor or disadvantaged individuals. By helping them to accumulate usably large sums of money, this expands their choices and reduces the risks they face.

 Make A Difference Today Donate Towards a Microfinance Loan for A Small Business.!!

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