Microlending is a grass roots, bottom-up strategy. It avoids dependence and focuses on the use of existing free-market structures in the local economy. In the process, these woman not only develop financial self-sufficiency but increased self-esteem and ownership of their own destinies.

Microloans focus on helping individuals grow capital, perhaps for the first time, and thus receive a boost toward a future of financial freedom. With regard to long-term impact, microloans are one of the most powerful ways to help communities in need.

Microloans for small business development provide the women with the opportunity to make choices, experience a growing sense of dignity, self-reliance and confidence.

World Encounter seeks to empower women with choices and the ability to make changes that benefit their families and communities. With a microloan, women can…

  • Work their way out of poverty
  • Achieve increased control over their lives
  • Provide food, medical care and education for their children
  • Grow in self-respect and dignity
  • Pursue options, exercise choices and work toward a future of greater independence

In World Encounter’s model, the peer-lending circle supports entrepreneurs who have never before had access to formal credit. The members of the circle co-guarantee each other’s loans, which eliminates the need for collateral.

The strength of these one-on-one relationships is the backbone of the initiative; if one woman can’t make a payment, members of her circle will chip in to cover her.

Since the beginning of the World Encounter microloan program in 2008, the peer-lending circles have paid back 100% of their loans.


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