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Servicing Suburbs
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Small Loans
Community Sydney Charity
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Microinsurance
Remittances
Best Charity in Sydney
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Servicing Suburbs
What is microfinance?
Microfinance is all about providing people living in poverty with a hand up. Essentially, it’s the provision of a range of financial services including small loans to start small businesses, savings accounts, micro insurance, micro pensions and remittance services. Call our Sydney Charity for more details.
Who takes out small loans from your Charity?
Families living in poverty in developing countries use small loans to start their own small businesses, earn regular incomes and provide for their children. These loans and other microfinance services assist people who are excluded from the mainstream banking sector because they have no collateral, formal identification or steady income, giving them new tools to transform their lives. Call our Sydney Charity for more details.
Why mothers? Are the majority of loan recipients female?
At present, 95% of loan recipients are women. In the countries where we work, mothers have fewer options for employment and are therefore more likely to be involved in running their own small businesses. Men are often employed in contract work as labourers or overseas workers, leaving mothers to support their children or supplement their husband’s income using any skills they possess. Small loans empower mothers to build successful small businesses, helping families earn regular incomes to give their children a brighter future. With the earnings from their small business, mothers and fathers invest in nutritious food, proper shelter, medicine and an education for their children. Call our Sydney Charity for more details.
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