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Project 23


Caribbean

Micro-Loans for Poverty Reduction

Eradicate Extreme Poverty and HungerAchieve Universal Primary EducationGlobal Partnership for Development

Through micro-loans, poor families living in Port au Prince can become self-sufficient.

Most residents of Port au Prince’s shanty town are unemployed and have no credit history. They live in deplorable conditions crowded together near the sea. Many times storms wash them out of their temporary shacks. They live on less than $1.00 a day in desperate poverty.

PARTNERS IN DEVELOPMENT (PID) has been working in Haiti for eighteen years, helping the poorest families gain strength and financial stability. They yearn to feed their children, send them to school, and move out of the slum into a well-built home of their own. This is accomplished by giving small business loans.

Small groups of new entrepreneurs receive training from PID, decide on their own interest rate, and go to work building small businesses. They make bricks, or sell cloth or fruit in a roadside stand. The results are spectacular—a 95% financial payback record—so that loan monies can be used again and again. The return is self-confidence for a valiant people who move out of the slum into a new life; the humanitarian payback is beyond calculation.

 

Haiti

 

$25 - First loan to a person with no credit history
$50 to $100 - Second loan to persons with a business record

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FEATURED PROJECT
FOR AUGUST

-Biotechnology for Cooking & Conservation-

How can a large plastic bag, a cover bit and animal manure solve environmental problems in Central America?

Central America...

 
Women for Peace - USA & Global

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