Many individuals in developing regions look for sustainable opportunities to lift themselves out of poverty; however, despite having great small business ideas they don’t qualify for small loans because of their low-incomes.
Micro-loans give individuals in poor communities the financial resources they need to start their own self-employed business. Micro-loans from Humanity for Children empower these aspiring entrepreneurs with opportunities to create small profitable businesses within their community. These loans are
not “hand-outs” – they are short-term loans that are repaid, with a small interest fee, so that others in their village can use that money again to begin other new businesses. Micro-loans, because they recycle the money over and over, give families and entire villages a chance to improve their standard of living. Humanity for Children believes that aspiring entrepreneurs can fulfill their dreams through these business ventures.
How you can contribute to HFC microfinance projects?
You may make a general contribution of any amount to support our microfinance projects knowing that we will combine your contribution with those of others until we can fund a priority project.
You may fund a specific project of your choice, either in part or whole, by talking with us about new proposals coming from Rwanda.
Before receiving loan, Alphonsine, an unemployed mother of six, was not able to provide the basic life needs of food and shelter for her family. The Micro-Loan Initiative provided her with $260 to purchase chickens to establish a poultry and egg business. Now she has large flock of chickens, collects dozens of eggs each week and has generated the income not only to provide food and shelter for her family, but also to afford to send her children to school.
Livestock Giving: Pigs, Cows and Goats
The village of Gahima asked Rwanda Community Partnership to assist with their challenge of adding protein to their diet and helping to provide a way for them to begin a pig raising business. They purchased 15 young female pigs and distributed them to 15 of Gahima’s poorest families. Once these pigs are raised and bred, each family will give one of the female piglets from the litter to another family in the community. This is a great example of how one gift can multiply into many gifts.
Beans are a major crop in the Kibungo area and most families plant enough for themselves and to sell at market. But everyone sells their beans at the same time… this drives down the price of beans. This group of entrepreneurial women used their microloan to raise more beans and to find a way of safely storing the crop for a number of months until there were fewer beans on the market. As the price of beans went up, so did their profits. These profits allowed them to send their children to school and to help lift their families out of poverty.