Microenterprise Impact

WE OFFERED LIVELIHOOD SUPPORT
TO LIFT FAMILIES OUT OF POVERTY

Microloan and microenterprise programs have proven to be extremely effective ways to lift families out of poverty through self-sufficiency. By giving a subsistence-level farmer seeds to plant and animals to raise, or giving a poor widow a microloan for a small, home-based business, we are able to give these people the capital they need to reach their potential. By overcoming their difficult circumstances and taking charge of their future, these men and women also regain their lost dignity. They enjoy stability and peace of mind as they provide for their families and have a positive impact on their local economy.

In 2018, we continued our long-term partnership with Amigos for Christ in Nicaragua to provide microloans for aspiring entrepreneurs in Nicaragua, and also funded microloans for beneficiaries of Ambuya Development Center’s microenterprise project in Malawi.

2018 MICROENTERPRISE Facts
grants
provided to:
6
projects
in
4
countries
Microloans
given:
397
Cash
provided through
microloans:
$85,752

Highlighted MICROENTERPRISE PROJECT

Amigos for Christ

Nicaragua - Project 1590

Amigos for Christ’s Microenterprise ministry helps poor families with an entrepreneurial spirit move from poverty to sustainability. Loans have a life cycle of five years, and each beneficiary has the potential to receive two loans per year. Each loan is awarded to a group acting as a cooperative, at a low interest rate. After each loan is repaid in full, the beneficiary can request another loan with the option to increase the loan amount. With these loans, the poor are doing more than surviving — they’re thriving!

Fast Facts

Loans

In 2018, 77 microloans were awarded to beneficiaries, for a total of $20,812.

Benefits

116 adults and 232 children benefited from the program.

Investment

Each loan recipient must open a savings account, in which he or she is required to deposit a portion of the profits generated by the investment. In total, 20 percent of the amount borrowed must be invested during the life cycle of the five-year term.

Community

Not only does Amigos for Christ empower entrepreneurs through economic development, but also it builds the community through clean water wells and sanitation, health care and education.
*The number of projects includes activities funded in fiscal year 2018. The detailed outputs are activities completed during fiscal year 2018; uncompleted activities were carried over into the next fiscal year.