By Julia Smith | Chief Process Officer
Dear Supporters,
Thanks to your generous support and the hard work of our clients, Pro-Microfinance International (PMI) has continued its lending activities in North Kivu, Democratic Republic of Congo, bringing opportunities and life-altering transformation to hundred of families. As of June 30, 2012, the organization had outstanding loans taking by 248 members, with a repayment rate of 93% over the last six months. From January to June 2012, the organization had loaned out over USD $79,000 which represents thousands of micro-loans lent and repaid.
PMI's stepped lending program rewards timely repayment with larger lending opportunities, building loyalty among borrowers toward their vision of larger business. In North Kivu, a region that has been historically overlooked by the international development, large businesses play a key role in securing education and health for small business owners in the area.
One of the organization's successful long-term beneficiaries, Mamie Sikuli, could previously not afford to keep her children in school after her husband’s death. Due to her loan through PMI, she now not only owns her own workshop, but she has her own assistant, and her 5 children are all enrolled in school. Another PMI program beneficiary, Maman Katungu Kyarami, now trains other start-up entrepreneurs on her successfull soap-making business.
PMI's activities have been vital to its beneficiaries and is made possible by your support. Donating regularly on a monthly, quarterly or annual basis is one of the very best ways in which an individual can support Pro-Microfinance’s work. It's simple to set up, and the payments are collected automatically, thus cutting down on administrative costs. By setting up a regular gift by Direct Debit on Paypal today, we will be able to help even more small business owners in DR Congo work their way out of poverty. Every amount - no matter how small or large, makes a difference.
Thank you for your continued support for the women and families who benefit from this critical program. PMI's success is truly a result of you.
In Gratitude,
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