Pignon Ministry / Micro Loan Program
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| Country / Region: | Haiti / Pignon |
|---|---|
| Project Summary: | Improving the quality of life and strengthening the Christian witness in the community through micro loans such as: donkey rental programs, agricultural and leadership programs |
Project Overview
In May of 2008, Bright Hope partnered with Pastor Jephthe of Pignon Ministries to begin a Micro Loan Program. After attending a training course in money management, participants would receive a loan to begin a small business.
With the original loan being the equivalent of just $30 US Dollars, families were able to start small vegetable gardens, feed their families and ultimately develop their own small business ventures.
In December 2008, 100% of the initial loans were repaid, Pastor Jepthe has distributed the equivalent of $60 US Dollar loans in the second phase of the program.
Through this program, over 285 families are regaining a sense of dignity, becoming far more self sustaining and creating their own hope for a better future.
Phase Three was to expand this program to 400-450 families. The program celebrated its 1 year anniversary in May 2009 with the second loans being returned at 100% payback. The third phase has distributed Micro Loans to 555 families!
Every $30 begins a family on their new business venture. You can contribute to the lives of hundreds by going to "Sponsor This Project Today" in the yellow right hand corner of your screen.
