Providence International: Microfinance

AdobeStock_81221912 (1).jpeg

To be poor is to be hungry, to lack food, shelter, clothing, medicine, and education, and too often the ability to read and write. Nearly half of the world’s population—over three billion people—live on less than $2.00 per day. In underdeveloped nations, up to 50% of the children under the age of five are malnourished due to a combination of oppressive governments, social unrest, lack of business training, and insufficient capital. Yet, there is hope, and you can help by supporting Providence International's work at home and abroad. Providence International Enterprises, Inc. is a 501(c)(3) charitable organization focused on humanitarian relief efforts. Small business loans ranging from $25 to $250 transform the lives of individuals, and robust small business loans ranging from $1,000 to $25,000 shape entire communities. Repayment terms average six months with a 97% repayment rate. Every loan is based on character, not collateral, and is serviced by trained national staff and coaches, whose services are paid for via loan interest. In partnership with healthy food growers, employers, community organizations, and social services, Providence International's Garden of Hope and Smart Farms sites afford ex-offenders and recovery graduates the opportunity to develop marketable skills in landscaping, horticulture, construction, and food services via mentoring, job training and placement and character building. To learn more, please visit Providence International.