Microfinance is perhaps the most efficient form of charitable giving. Why? Because small loans to poor women encourage self-sufficiency, build business, keep families intact and improve neighborhoods.
Invest in Nicaragua’s greatest strength: Women.
In Nicaragua, Projecto Generando Vida—“Life-Giving Project,” a CT Quest-funded microfinance bank—helps inner city women with start-up businesses.
Projecto Generando Vida Microbank…
- Provides small loans to 160 poor women in one of Managua’s poorest neighborhoods, Barrio El Recreo. The average Projecto Generando Vida Microbank loan is $40.
- Funds dozens of home-based enterprises including house cleaning, painting, carpentry, sewing, laundry, bakery, cake decorating, gardening and floral arrangement businesses.
- Is fully repaid by borrowers. Groups of 30 women borrowers guarantee their group’s loan repayment. Funds are reinvested in new barrio borrowers to continue the microlending program.
- Serves as a beacon of hope and independence to people with no financial power or collateral.
You can help poor people beat the system
Projecto Generando Vida Microbank models itself on the Grameen Foundation’s microbank, created by Nobel Peace Prize winner Muhammad Yunus. The Grameen Foundation and CT Quest’s microbanks use a non-loss—rather than a non-profit—model that combines humanitarian aims with self-sustaining business practices.
Microfinance recognizes that persistent poverty is associated with rigid systems—governments, businesses and other institutions. Microfinance addresses the problem by changing the system to free capital formerly denied poor people.
When you donate to microfinance, you put the last first
Traditional banks lend money to people who already have money or collateral. Microbanks lend money to people who have no money or other resources. In Nicaragua, CT Quest’s microfinance program:
- Grants loans to the poorest of the poor. The less money a woman possesses, the more likely she is to get a loan. If she has nothing, she’s given highest priority.
- Extends credit to women, the most powerless citizens in Nicaragua’s machismo society. All borrowers in CT Quest’s microlending program are women.
- Provides psychosocial support through weekly meetings that encourage women to discuss their business and personal lives, share concerns and problem-solve.
Imagine the satisfaction you’ll feel funding a small woman-owned business
You can fund a Nicaraguan woman’s start-up business. Please donate today to Projecto Generando Vida Microbank.
At this time, the microbank in Barrio El Recreo is self-sustaining with about 400 women participating.
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