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GPO Box 4487
Sydney NSW 2001 , Level 4, 220 George Street Sydney NSW 2000

Telephone: 1800 812 164

© 2017 Opportunity International AustraliaABN 83 003 805 043

Microfinance Loans

A small loan helps a family start their own business, earn a regular income and afford food, clean water, proper shelter and an education for their children.

A small loan gives a hand up to a family living in poverty, helping them start their own small business, earn a regular income and afford food, clean water, proper shelter and an education for their children.

As small as $70, loans can be used to buy…

  • A sewing machine to start a tailoring shop
  • Seeds to plant a vegetable farm
  • Stock to set up a small grocery store
  • Utensils and ingredients to start a cooking stall
  • A boat to start a fishing business

...and more!

Nanomi used a small loan to start her own weaving business, giving her the income she needed to provide for her children.

Naomi used a small loan to start her own weaving business in Indnoesia, giving her the income she needed to provide for her children.

Why do families in poverty need small loans?

With no collateral, credit history or formal identification, a mother or father living in poverty is unlikely to qualify for traditional baking services. This means that no matter how hard they work, it’s nearly impossible for them to break the cycle of poverty in their family’s life.

What they need is a hand up.

With a small loan to start their own business, that mother or father no longer has to worry about where their children’s next meal will come from or how they will send their little ones to school – the regular income they earn from their business empowers them to walk into a future free from poverty.

In fact, your donations can start a ripple of transformation that continues for generations to come.

Windowed when her husband passed away after an illness, a loan of jus $124 enabled Inis to buy fruit and vegetables to start her own market stall. With her new income, she's able to provide for her five children without worrying how to make ends meet. (Manaoag, Philippines)

Widowed when her husband passed away after an illness, a loan of just Php.5,000 (A$124) enabled Inis to buy fruit and vegetables to start her own market stall in Manaoag, the Philippines. With her new income, she's able to provide for her five children without worrying how to make ends meet.

How does it work?

These small, collateral-free loans are often first provided in a group setting, with 10-20 people meeting together to receive and repay their loans and offer support to one another as they build their new businesses.

As businesses flourish, some go on to receive larger loans individually to grow their microenterprises even more. Some choose to receive specialist loans, such as tailored farming loans or sanitation loans to help them install a toilet. Others no longer need a loan at all – their businesses are now sustainable and their families’ needs are being met.

We want families to be able to make the most of their small loans, so loan officers walk alongside all loan recipients providing support and training. The term of a loan varies, but is typically six months to a year.

An incredible 98% of all loans are repaid – a higher repayment rate than for banks in the developed world! Once repaid, loans are recycled and lent out to help another family start their own business and leave poverty behind.

While not all loans go to women, 95% do – restoring dignity and hope to their lives and enabling them to provide for their children. By investing in mothers like Mira, Naomi and Inis, you’ll be giving them the tools they need to transform their families’ futures. Because small loans means big changes!

 

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