Generations of people are shackled to a cycle of poverty stemming from broken systems and relationships. The dependence on unstable and unreliable resources experienced by those in poverty often seems to be an insurmountable problem. However, through the power of Christ, not only can physical and economic needs be met, but ultimately true transformation can also occur.
God is providing a way to transform lives from this crippling poverty to lasting stability through the Microloan Ministry! Through access to microloans, small business trainings and discipleship groups, thousands of poor believers in Africa, Asia, the Middle East and the Caribbean have grown in their businesses and their faith.
Alleviating poverty through microloans ($100-$500 to start) and savings enables poor business owners to reach a new level of economic stability without unhealthy dependencies. Our borrowers are economically empowered through their own hard work, discipline and repayment of the loan.
Biblically-based trainings focus on teaching basic business and financial topics to the community at large, as well as more in-depth trainings for our borrowers and micro-bankers. These Small Business Trainings (SBTs) provide the foundation for these entrepreneurs to establish sustainable incomes built on the solid foundation of Christ.
Creating space for mentorship, discipleship and evangelism in our small groups of borrowers encourages holistic engagement that goes beyond strictly financial improvement, but permeates every aspect of the broken systems and relationships of poverty.
Currently, the Microloan Ministry is working with more than 91 micro-bankers and over 1,246 borrowers in 12 countries. We have held 23 Small Business Trainings since 2014 for 2,490 students in 9 countries.
Borrowers use their microloans to launch tailoring services, sell prepared food, raise chickens, pigs, cows, or goats, plant cash crops, or open a retail shop in the market. When their micro-loans are repaid in 6 to 12 months, borrowers are often offered larger microloans to expand their sustainable businesses and increase their profits. Some borrowers become employers as their business expands, or diversify their investments by entering a new area of business.