Economic Growth Colombia Project #6477

Microloans empower Colombian parents

by Opportunity International

Project Report | Apr 12, 2011
Seeing the Difference a Microloan Makes: Colombia

By Olivia Schultz | Project Personnel

Emily Soltvedt, Young Ambassadors for Opportunity leader and Board of Governors member, took an insightful trip to Colombia with Opportunity International. She was so inspired by the people she met there, and she shares a story about a client who "took out a loan for her business, and is making high end baby and children’s clothes, which she sells in a store near the main market area. Her business has been successful, and in turn she has started a foundation as part of her business. She hires and trains single pregnant women living in poverty, who have no means of supporting themselves and their child, to make these clothes. The women get to keep the first set of clothes they create for their own child. Then, throughout their pregnancy, they receive support and learn a skill that they can use to generate income once the baby is born. I love this client story, because it is a striking example of how these loans have a big impact, not just on the clients themselves, but also on their entire communities."

Emily is just one of our amazing YAO members who are truly making a difference in their community by spreading the news of the work that Opportunity is doing, and the real difference a small business loan or a savings account can make in peoples' lives. To find out how you can be involved with YAO, or with Opportunity International's Board of Governors, check out the following:

http://www.opportunity.org/young-ambassadors-for-opportunity/

http://www.opportunity.org/board-of-governors/

Links:

Watch what Opportunity is doing in Colombia

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Jan 21, 2011
"Opportunity" for Housing in Colombia

By Emily Riemer | Marketing Communications Specialist

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