Microenterprise development is a poverty alleviation program that helps people living in poverty, develop, expand or maintain their own businesses and become financially independent. The poor, particularly poor women, often do not have basic services like insurance to protect themselves against drought and natural disasters and they lack access to safe places to keep their savings. They cannot obtain a micro ($40-$1,000) or a small ($1,000-$5,000) loan to start businesses or to grow their businesses or farms. Microenterprises intends to ¬ Improve the quality and affordability of financial services. ¬ Extend access to excluded populations such as women, the disabled, and those living in remote areas. Assist smallholder farmers and small business entrepreneurs in selling their products by linking them with buyers and suppliers of good and services.
Faith-based microenterprise programs improve the lives of the very poor, helping them to: recover from shocks such as a flood or death in the family; protect themselves against risks such as illness or drought; and it provides a steady supply of food and family purchases so that they have the ‘breathing space’ that allows them to work to escape poverty. They also grow in their relationship with God, their community and their families as they fulfill their potential and God call on their lives.
In the developing world a microloan can help a poor entrepreneur to buy inventory in bulk at discounted prices, hire additional staff, purchase a small cart to deliver products to the market place or to purchase a sewing machine. These small purchases can help the entrepreneurs maximize the effectiveness of their business to attract more customers and increase their profits.
The types of businesses range from organic farming, selling produce, raising animals, sewing clothes, design and create local crafts, to operating small village preschools.
Across the globe today, 2.1 billion people live in severe poverty, earning less than $3.10 per day, often lacking access to adequate food, shelter, and employment opportunities. 2 billion people do not have access to formal financial services and more than 50% of adults in the poorest households are unbanked. Financial inclusion has been identified as a key enabler to reducing poverty and boosting prosperity for 7 of the 17 Sustainable Development Goals.
Through the microenterprise program we teach the poor entrepreneurs basic business skills related to budgeting, smart borrowing, saving, product marketing and business growth strategies.
We know that to create long-term impact we need to invest in local expertise. Our partners have the years of experience and local knowledge of the communities to deliver the most effective microenterprise projects. While End Poverty raises funds and focused on strategic implementation, our partners drive out to the communities, pray and mentor the aspiring entrepreneurs every day.
Our partners and their thousands of dedicated staff, are the backbone of our work. Our Programs team communicates with our partners regularly to track progress and identify effectives strategies. Our long-lasting relationships are built on trust and transparency in our common goal of advancing the kingdom through economic and spiritually transformed communities.
We make sure that our partners have the highest quality experience, expertise and that they are committed followers of Jesus. Our teams spend weeks at a time with partners in the field to make sure they have the skills and resources to deliver high quality, sustainable projects to communities in need and report back on every dollar that is spent on the program.
When you help fund a loan for a poor entrepreneur, you are making a donation to End Poverty Once the entrepreneur repays the loan, the funds remain in the country where the original client's loan was disbursed. This allows your donation to help fund more loans. Your initial donation continues to help more entrepreneurs after the first loan is repaid.
An online donation can be made at endpoverty.org/donate, and you can find out how to donate to a specific cause on the website. We also accept donations via telephone, fax or mail. If you wish to make a donation by check, please make the check payable to endPoverty.org and send it to us at: endPoverty.org, PO Box 3380, Oakton, VA 22124 USA.
End Poverty is a registered 501(C)(3) nonprofit organization, EIN 54-1371549 therefore your gift to End Poverty is tax deductible to the extent allowable by law. Please consult your tax advisor regarding the deductibility of any specific gift.
The hard-working poor empowered to lift themselves out of poverty, transforming individuals, families, and communities one at a time.
To provide hard-working men and women with economic and spiritual resources that unleash their capacities and liberate them from the entanglements of poverty.
End Poverty receives charitable contributions from Individuals 77%, Family Foundations 14%, Corporation 5% and Churches 4% that are sent to our partner organizations in the form of grants. End Poverty does not solicit government funding.
Since 1985, End Poverty has worked in 37 different countries. End Poverty currently serves clients, through local partner organizations in Uganda, Cameroon, Zambia, South Africa, Egypt, Philippines, Bangladesh, India, Guatemala, and Mexico.