A brighter future for mother and son
Moms like Flora want nothing more than to care for their children—to send them to school and give them medication and healthy food. All they need is the opportunity.
Flora was paralyzed as a small child. When her husband left her, she didn’t know how she was going to feed her six children. Then she found out about Hope and Healing’s microfinance programs—small loans made to people like Flora who can’t access traditional financial services.
Flora was given a bad credit loan and a few goats. Before long, she had an entire herd of goats, chickens and pigs, and had managed to put her eldest son through electrician’s college! She’s paid back her loan and is proudly able to support her family.
What is Microfinance?
Microfinance is a type of banking service provided to people who lack access to traditional financial services—people such as those who are struggling with poverty and disability. Microfinance can include:
- Small loans that are used to start or improve businesses, and then repaid
- Gifts of “starter livestock” such as goats, chickens, rabbits or pigs
- Locally-organized self-help groups in which members educate, support and encourage each other
- Training in business principles, financial literacy and other areas necessary to run a successful business
How Microfinance Works
You can lift a family out of poverty…for good!
“She gets up while it is still night;
she provides food for her family…
She sets about her work vigorously;
her arms are strong for her tasks…
She sees that her trading is profitable,
and her lamp does not go out at night…
She is clothed with strength and dignity;
she can laugh at the days to come……
Her children arise and call her blessed;
her husband also, and he praises her.”
– Proverbs 31:15, 17-18, 25, 28