Naysayers claim that loaning to the world’s poorest is too risky. But when communities are accountable for their own development, SHGO knows that it works. Loan repayment rates are always 98-100%. And, with small interest generated, SHGO partners reinvest into their communities and distribute more loans. This economic strategy uplifts communities, alleviates poverty, and is a sustainable gift that keeps on giving.
The SHGO Microfund distributes small loans to global partner organizations. Partners then extend funds to local community recipients – oftentimes farmers and women – to support local business ventures for income-generation. From agriculture development to small businesses for artisan crafts, loan recipients use local resources to become entrepreneurs.
CURRENT MICROFUNDS INITIATIVES SUPPORTED BY SHGO
Small business developments in Sierra Leone fund a Clinic-School Campus in rural Bandawa. Volunteerism and ecotourism in Guatemala uplift a rural agricultural community. Agri-business development in Ghana sustains families and communities before harvest time. Polyculture farming network, turning trash into fertilizer, and enabling the poor to start small businesses in Bangladesh. By harnessing the power of entrepreneurship, SHGO and our global partners create social enterprises for change.
While businesses measure gains and losses, social enterprises create social change as their bottom line. In SHGO’s global partner communities, social enterprise is a tool for economic empowerment and sustainable development.
CURRENT SOCIAL ENTERPRISE INITIATIVES SUPPORTED BY SHGO