Micro-Loans Provide Financial Solutions
Tools for sustainable self-reliance.
Micro-Loans Provide Financial Solutions
Tools for sustainable self-reliance.
Micro-Loans Provide Financial Solutions
Tools for sustainable self-reliance.
03 • Financial Solutions
Providing Access to Micro-Loans, Financial Literacy, and More
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.
03 • Financial Solutions
Providing Access to Micro-Loans, Financial Literacy, and More
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.
03 • Financial Solutions
Providing Access to Micro-Loans, Financial Literacy, and More
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.
Perpetual Loan Fund
With our guiding principle of providing a hand up instead of a handout, the donor-recipient relationship is transformed. We serve only individuals and families who demonstrate integrity, quality character, and the motivation to permanently lift themselves out of poverty. Therefore, we know that when we extend a microloan, or microcredit, at an affordable interest rate, these individuals will pay back the loan. As these small loans are repaid, the payments are put back into the loan fund, where they are then loaned out to another individual or family. This process means that your contribution will have the impact of a perpetual donation that continues to help people long after the contribution is made.
Perpetual Loan Fund
With our guiding principle of providing a hand up instead of a handout, the donor-recipient relationship is transformed. We serve only individuals and families who demonstrate integrity, quality character, and the motivation to permanently lift themselves out of poverty. Therefore, we know that when we extend a microloan, or microcredit, at an affordable interest rate, these individuals will pay back the loan. As these small loans are repaid, the payments are put back into the loan fund, where they are then loaned out to another individual or family. This process means that your contribution will have the impact of a perpetual donation that continues to help people long after the contribution is made.
Perpetual Loan Fund
With our guiding principle of providing a hand up instead of a handout, the donor-recipient relationship is transformed. We serve only individuals and families who demonstrate integrity, quality character, and the motivation to permanently lift themselves out of poverty. Therefore, we know that when we extend a microloan, or microcredit, at an affordable interest rate, these individuals will pay back the loan. As these small loans are repaid, the payments are put back into the loan fund, where they are then loaned out to another individual or family. This process means that your contribution will have the impact of a perpetual donation that continues to help people long after the contribution is made.
The Power of Financial Solutions
Commonly Known as a Microloan
Thanks to generous donations, Mentors International is able to provide small yet impactful loans to those who would otherwise have no access to credit or other financial services. With these loans, entrepreneurs are able to start or expand their businesses and improve their earnings.
As their incomes increase, these entrepreneurs become able to feed their children nutritious meals, buy books and school uniforms, and pay tuition for better schools. Many eventually hire additional employees in their growing businesses, creating jobs, and providing income for more families.
Our Financial Solutions enable entrepreneurs in poverty-stricken developing nations to:
|
Purchase tools and |
Enhance productivity and |
|
Increase product variety |
Satisfy a niche market demand |
|
Improve product quality |
In many circumstances, recipients are able to continue sustainably expanding their business without taking out additional loans. They are also able to further strengthen their family’s financial security through additional solutions that we enable them to access, such as savings accounts, life insurance, and health insurance.
The Power of Financial Solutions
Commonly Known as a Microloan
Thanks to generous donations, Mentors International is able to provide small yet impactful loans to those who would otherwise have no access to credit or other financial services. With these loans, entrepreneurs are able to start or expand their businesses and improve their earnings.
As their incomes increase, these entrepreneurs become able to feed their children nutritious meals, buy books and school uniforms, and pay tuition for better schools. Many eventually hire additional employees in their growing businesses, creating jobs, and providing income for more families.
Our Financial Solutions enable entrepreneurs in poverty-stricken developing nations to:
|
Purchase tools and |
Enhance productivity and |
|
Increase product variety |
Satisfy a niche market demand |
|
Improve product quality |
In many circumstances, recipients are able to continue sustainably expanding their business without taking out additional loans. They are also able to further strengthen their family’s financial security through additional solutions that we enable them to access, such as savings accounts, life insurance, and health insurance.
The Impact of Financial Solutions in 2022
90% of Loans were to women |
10,347 Micro-Loans were disbursed |
78% average Increase in Income for loan recipients |
$178 average Loan size |
$126 average Cost to help an individual |
96% Repayment Rate of loan |
30% average Decrease in personal consumer debt |
$126 average Cost to help an individual reach self-reliance |
The Impact of Financial Solutions in 2022
The Impact of Financial Solutions in 2022
of Loans
were to women
Micro-Loans
were disbursed
average Increase
in Income for loan recipients
average Loan
size
average Cost
to help an individual
reach self-reliance
Repayment Rate
of loan
Financial Solutions Stories
of Loans
were to women
Micro-Loans
were disbursed
average Increase
in Income for loan recipients
average Loan
size
average Cost
to help an individual
reach self-reliance
Repayment Rate
of loan