There are large populations of people in developing countries who don’t have access to banks and other financial services. If they need a loan to start or expand their business, their only option is a village loan shark who charges very high-interest rates. This extremely harmful yet common lending practice traps individuals and families in a cycle of debt that is nearly impossible to overcome without proper guidance and assistance. At Mentors International, we are able to extend small loans, at an affordable interest rate, to those who demonstrate integrity and motivation after attending our business training courses.
This combination of mentoring, training courses, and micro-loans enable an individual to work their way out of poverty with dignity.
The average micro-loan from Mentors International was only $178 USD during 2022.
That is why we call this “Financial Solutions”. This is a solution, not a burden. These small loans provide opportunities, not challenges.
Continue reading to learn more about how our financial solutions help spread sustainable self-reliance throughout developing nations.