Microloans empower Colombian parents

 
$1,500
$0
Raised
Remaining

Summary

Please consider supporting poor Colombian entrepreneurs through microloans. They want to work themselves and get their families out of chronic poverty.

What is the issue, problem, or challenge?

Over 50% of Colombians are living below the poverty line, many of whom are displaced. Parents all around Colombia struggle to feed their children each day. The fact is that they want to feed their children and not live off of handouts. Access to financial services is not only a desire for many poor Colombians, but a necessity for them to achieve this goal.

How will this project solve this problem?

For many poor families, microfinance is key for providing more food on the table and access to education. Once a loan is repaid, your donation is then recycled to become another loan, then another- working to build up the local economy.

Potential Long Term Impact

In Colombia, Opportunity is creating a finance company that will offer loans, savings, insurance and training to entrepreneurs living in poverty. Please visit the link below for more information on Opportunity's work in Colombia.

Funding Information

Total Funding Received to Date: $1,500

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 $1,500 .  The original project funding goal was $1,500.

Resources

Donation Options

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

Ian Haisley

Director of Online Strategy
Oak Brook, IL United States

Where is this project located?

Map of Microloans empower Colombian parents
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