Microloans Create Opportunities for Indian Women

 
$14,841
$159
Raised
Remaining
Jan 18, 2011

Microfinance Services Expand in India

This past December, The UPS Foundation, the charitable arm of UPS, has awarded Opportunity International a grant in the amount of $100,000. The grant fosters economic literacy, as well as improves access to affordable microfinance services in India.

“Opportunity International is grateful to The UPS Foundation for its dedication to helping impoverished families receive access to financial education and support,” said Dennis Ripley, our SVP of International Business Development. “Their support of our organization over the years has helped countless clients work their way out of poverty and toward a better life through entrepreneurship.”

In India, Opportunity’s mission is to serve people who do not have access to financial services. The grant from The UPS Foundation will help us expand our impact in the lives of Indian clients in both rural and urban communities.

The program funded by The UPS Foundation Grant includes microfinance services, such as Trust Group lending and financial literacy training programs on earning, spending, borrowing and budgeting. In addition, clients will benefit from insurance products provided by our subsidiary MicroEnsure, a leading insurance intermediary for people living in poverty.

“For nearly 40 years, [Opportunity] has fostered entrepreneurship in the developing world through education, savings programs, insurance services and training,” says Eduardo Martinez, director of philanthropy and corporate relations for The UPS Foundation. “We are proud to continue our support of Opportunity International’s efforts to increase economic literacy in India.”

Links:

Comments:

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating or by subscribing to this project's RSS feed.

Funded

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

Still want to help?
Support another project run by Opportunity International that needs your help, such as:

Organization

Project Leader

Emily Engel

Oak Brook, Illinois United States

Where is this project located?

Map of Microloans Create Opportunities for Indian Women