Opportunity International is, now more than ever, dedicated to supporting entreprenuers in Africa escape poverty.We have strategically decided to close the project, Empower Mothers in Tanzania with Microloans, and roll it into another project of Opportunity International entitled, Providing Microloans for the Poor in Tanzania (4493). We no longer feel that it is necessary to separate our work in this geography into 2 projects and here is why.
Our clients are really fledgling entrepreneurs who need basic access to one small loan of $150 to set them on a course that is life transforming. Opportunity provides access to that loan and to savings, additional small business loans, insurance, and training. With women clients especially, we know that investing in them has an accelerator effect – they will reinvest in their families and their communities to help build stronger futures for everyone.
Opportunity International invests, one by one, in over five million clients around the world who dare to dream of lifting themselves, their families and their communities out of poverty. 93% of our clients are women. With a more than 40-year track record, we know that our sustainable, holistic solution just works.
An incredible 98% of our loans are repaid, and we firmly believe this is because of the services we provide our clients, mostly women and mothers, in addition to loans. We provide leadership training, financial coaching, and education on preventative health, communication skills and family management. We deliver a holistic approach to microfinance that helps our clients grow into true entrepreneurs and community leaders who will ultimately pay it forward.Our work gives people options, a new lifeline, at a time when it may seem there is no way out.
It is for this reason that we not longer feel it is necessary to have a project dedicated to women and mothers and a more general one in the same geography.
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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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