Since our inception in 2008, we have distributed more than $3m worth of microloans to almost 12,000 people, 92% of whom are women.
Microfinance works. Around 97% of loans are repaid in full, thanks to the training, support and the group responsibility of borrowing credit. More importantly though, microfinance enables the transformation of households and communities. Now with the ability to build flourishing businesses, those who previously were living in a cycle of poverty and inability to increase their earnings, now have more money. This leads to improved food security, access to healthcare, improved housing, and education. The latter in particular has an intergenerational effect on communities in Myanmar. |
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