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