Church Micro Loan Programs
Wednesday, September 8th, 2010Studies show that you don’t like statistics. You’d rather hear a story. Maybe I’m being defiant but today I’ve got the numbers. Now you have to put faces on these numbers or they’ll do you no good. Maybe a quick flickr search of Samfya, Zambia would help. (I’ve made it easy on you and added the link.) Imagine for a second one single mother trying to raise six children. Now what if I told you because of a micro loan, instead of having two sick children a month now there’s only one every other month. That’s a pretty cool statistic right?
Let’s widen the scope. You’ve imagined that single mother in her mud hut trying to feed, clothe and maybe do something a little special for all six children every once and awhile. She’s been scrapping by on 80 cents a day. Now imagine 800 stories just like hers. It’s no surprise that out of the 800 families 84% of them reported improved family relationships after receiving a micro loan.
Let me explain what happens, turns out I’ve got a story or two about this! A couple years ago Josephine was at the end of her rope. Her husband had died and properly caring for six children was impossible. Her church reached out to her and offered help. She received a $20 loan to plant a garden. The garden provided nutritious vegetables for her family and she sold the surplus and made $80. She went back to the church, repaid the her first loan and asked for the second larger loan. This time she was given $120 and by selling pop corn and fritters made $1,000! She wired her house with electricity, bought a fridge and now continues her business but sells cold drinks and popsicles too. She’s making $10 a day now.
These 800 families don’t have to make the hard decisions anymore about what’s more important: food or education? They don’t have worry if their sick child will make it through the night because they can afford the medicine. We’re very excited about the transformation we’ve seen in Samyfa. We’re trying to replicate their success with our other partners in Uganda, India and Haiti. Want to hear more? Sign up for the Poverty Summit October 5-7. We’ll have lots more stories (and I suppose a few statistics too!)










