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Global Microfinance Initiative

 
$2,516
$0
Raised
Remaining

Summary

With 3 billion people living on less than 2 dollars a day, our mission is to empower people to work their way out of poverty by expanding financial services to the poor in developing countries.

What is the issue, problem, or challenge?

One cause of chronic poverty, is a lack of financial resources such as savings accounts, microloans, insurance, and proper training on how to spend and invest money. Families in countries like Uganda, Kenya, the Philippines, and Colombia are struggling to find safe places to save their money and start their own businesses- until now.

How will this project solve this problem?

By creating access to these financial services, clients in more than 20 countries can use them to expand a business, provide for their families, create jobs for their neighbors and build a safety net for the future.

Potential Long Term Impact

Five hundred million people living in poverty could benefit from a small business loan. By creating businesses and receiving proper training, families can lift themselves out of poverty and pass down this knowledge to future generations.

Funding Information

Total Funding Received to Date: $2,516

Funding Information

This project is now in implementation and no longer available for funding. Received funds will be used to accomplish concrete objectives as indicated in the project's "Activities" section. Updates will be posted under the "Project Report" tab as they become available.

Donors' contributions and pledges to this project totaled $2,516 .  The original project funding goal was $2,000.

Resources

Funded

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

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Organization

Project Leader

Ally Lynch

Oakbrook, IL United States

Where is this project located?

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