Microfinance
We seek to help the poorest people in urban areas experience economic, physical, social, and spiritual transformation through our microfinance program. We enable the poor to develop and maintain their own productive economic activities while receiving training and support from Christians.
In the fight against poverty, microfinance is a unique weapon in the form of loans given to already created or newly-forming tiny businesses run by the poor themselves. This program
- employs up to 70% of the labor force.
- creates work for women, the uneducated, untrained, and unskilled.
- provides needed products and services for the community.
Microfinance is a very simple concept. A group of people receives several hours of training in financial and spiritual topics. After these sessions, each participant develops a business plan, invests some of his/her own money, and receives a loan for a new micro-business. Training and Bible study for the new entrepreneurs continues as they meet to pay back loans. As men and women become empowered to control their own economic state and future, they also move toward an improved standard of living and subsequent behavior changes.
You can directly participate in a successful, growing microfinance program in the slums of Nairobi, Kenya, making a dent in poverty and impacting a community.
BigDent offers you the opportunity to sponsor a loan for a budding entrepreneur by business, gender, or loan amount.
Your contribution of any size will be used to provide initial loans for new graduates of the business training program. Entrepreneurs must make regular payments on the loan, beginning the first week, until it is repaid in full.
As loans are repaid, those funds are re-directed to new entrepreneurs or proven entrepreneurs who are expanding their businesses. In other words, your contribution does not cease working after given the first time; it is “recycled” into new loans, creating a bigger dent into poverty.
You can also give toward the General Fund! Each month a new class of graduates is ready for their first loans. The General Fund provides funds for trained individuals who are not yet sponsored. So, your general/undesignated contribution is of great value to the ongoing loan process. Click here to view the BigDent opportunities.
