Micro-finance

 

Globally, over 2.5 billion people live on less than $2 per day.  Jobs are scarce in both rural and urban areas, especially for those with limited skills. For many people, owning a small business can be a pathway to earn income, support a family and become self-sufficient. However, without access to basic financial services such as savings and loans, starting an enterprise can be difficult, if not impossible.

Episcopal Relief & Development partners with local churches and community organizations to offer micro-finance services, along with business and vocational training. By developing a skill such as tailoring or woodworking, participants can supply a needed service or product. The programs also provide loans, enabling entrepreneurs to purchase materials or inventory, along with business and marketing training that positions them to succeed.

These activities often take place in community-based self-help groups, where small business owners can find advice and encouragement.  Many of these groups incorporate a savings component, enabling participants to build up funds that can keep their business growing after their loans are fully repaid.

Episcopal Relief & Development also helps support the establishment of group businesses, where manufacturing or processing equipment is collectively owned and operated.  This arrangement allows many people to earn income without the risk or burden of a large individual investment.

Our micro-finance programs emphasize involving both women and men, which can be very effective in promoting gender awareness and empowering women. When women become breadwinners, they increase their role in household decision-making, which often enhances the whole family’s well-being.  And when men and women together contribute to their community’s economic growth, mutual respect and understanding flourish.

Download: Microfinance Glossary of Terms

Your support enables communities to journey from poverty to prosperity by:

  • Providing loans and other micro-finance opportunities that enable families to generate more income
  • Working with people to learn skills and develop small businesses in a variety of fields
  • Promoting cooperatives to help individuals pool their resources and maximize their purchasing power
  • Assisting communities in gaining access to local markets, increasing their ability to sell products for profit
  • Helping farming communities increase their crop yields so the surplus can be sold for income
Micro-finance
Donate to the Micro-finance fund

Give the gift that keeps on giving. Our Micro-finance program creates opportunities for people to start small businesses and support their families. Through resources and training, we are empowering communities to revitalize local economies and help people live healthier and more productive lives. Promote self-sufficiency — make a contribution today.

Cuba

Description: On September 8th, 2017, Hurricane Irma hit the island of Cuba, causing an estimated $13.2 billion in damage and impacting nearly 2 million people. ...

Sri Lanka

Description: Case Study: Sri Lanka | Disaster Risk Reduction Episcopal Relief & Development began a partnership with the Geneva-based Ecumenical Church Loan...

Zambia

Description: Report Summary: Five-Year Report on Early Childhood Development Program Case Study: Zambia | Early Childhood Development Episcopal Relief & Dev...

The Philippines

Description: Case Study: The Philippines Transforming from Receivers to Givers The Philippines is blessed with abundant natural resources, but because the count...

Mexico

Description: Mexico ranks highly in economic output, but poverty and income disparities still plague the country’s rural and border areas.  As in man...

Guatemala

Description: Episcopal Relief & Development began working with the Episcopal Diocese of Guatemala in 2005 after Hurricane Stan hit northern Central America ...

El Salvador

Description: Salvadorans have endured major hardships over the past 25 years. A decade-long civil war ended in 1992. In 1998, Hurricane Mitch killed hundreds an...

Angola

Description: Case Study: Angola | Savings & Empowerment Episcopal Relief & Development is partnering with the Anglican Diocese of Angola on an integrate...

Melanesia (Solomon Islands & Vanuatu)

Description: The Solomon Islands are located in a “ring of fire” — a zone of active volcanoes that makes natural disasters such as earthquakes, cyclones, volcan...

Nicaragua

Description: Political unrest, isolation and natural disasters have hindered development in rural Nicaragua, resulting in chronic poverty, hunger and a lack of ...

Myanmar [Burma]

Description: About 32 percent of Myanmar’s 50 million population, or 15.8 million people, are living in poverty, according to an assessment of the 2015 Myanmar ...

Colombia

Description: With 34 percent of the population living below the poverty level, Colombia’s most vulnerable communities are severely in need of comprehensive supp...

Kenya

Description: Report Summary: Five-Year Report on Early Childhood Development Program Case Study: Kenya | Integrated Economic Empowerment In southwest Kenya, Epi...

Liberia

Description: More than 60% of Liberians live in poverty. This fact, along with the devastating Ebola crisis in 2014, widespread hunger, and prevalent violence a...

Malawi

Description: Episcopal Relief & Development is partnering with the Anglican Council in Malawi to work with trained local volunteers and government health wo...

Tanzania

Description: In order to build climate-resilient communities, Episcopal Relief & Development partners with the Anglican Diocese of Central Tanganyika (ACT) ...

Ghana

Description: Episcopal Relief & Development partners with the Anglican Diocesan Development and Relief Organization (ADDRO), the relief and development arm ...

Haiti

Description: With 80% of its population living in poverty, Haiti is one of the most economically challenged countries in the world. The devastating earthquake t...

Honduras

Description: Honduras is one of the most economically challenged countries in Central America. Two-thirds of the population lives below the national poverty lin...

Mozambique

Description: Episcopal Relief & Development is partnering with two dioceses in Mozambique on strategies to address at the community level challenges such as...

Namibia

Description: Since gaining independence in 1990, Namibia has enjoyed relative stability. However, much of the country is desert, and with a young population – o...