.

World Concern Logo

One Village Transformed

Microloans Change Lives

All it takes is a little spark

Sometimes all it takes is a spark to ignite hope in the heart of a poor woman. In places like Bangladesh, where 75% of women live in extreme poverty, that spark can come in the form of a small business loan.

Maksuda making hairbands.Women like Maksuda have what it takes to succeed: skill, motivation and determination. But their families are barely surviving. Maksuda was married at the age of 13 to a man who was 52. She had two children and lived with her in-laws in a household of 11 people. She was physically abused and tortured mentally.

Maksuda was skilled at making hair bands, so with just $29, she started a fledgling business. She needed more materials, but didn’t want to borrow money from lenders at an inflated interest rate.

World Concern loaned Maksuda $286. She bought materials, and eventually sewing machines with future loans. Today, she has three full-time and seven part-time employees. She has paid back all her loans in full, and is now saving money for the future. Dignity and independence can be seen on her face as she works diligently with her hands, knowing she can provide for her children.

In 2010, World Concern helped 5,520 women start or improve small business through microloans.

You can ignite hope in the heart of a woman like Maksuda. Donate now and fund a microloan for a woman in need. Be the spark she needs to change her life.

How We Provide It

Success in lending and repayment

  • Loans range from less than $100 to more than $2,000
  • Repayment rates for microloans and loans through village banks generally range from 95%-98%
  • Women have grown businesses to employ as many as 14 other workers, allowing other women to provide for their families
  • The primary function of microloans is to develop and expand small businesses by purchasing supplies such as fabric and equipment for fish farms
  • African village banks are intended to be a place for savings, though they do provide some loans for seeds and farming
    • Source: World Concern

About World Concern

900+ people in 17 countries providing help for people in need

World Concern is a Christian global relief and development agency whose supporters’ faith compels them to extend opportunity and hope to people facing the most profound human challenges of extreme poverty serving in Africa, Asia, and Haiti.

Learn more about us at www.worldconcern.org.