Why do poor entrepreneurs need people like me to fund loans? Why don’t they go to a typical bank?
The world of finance isn’t kind (and is often nonexistent) to those living in poverty. Most poor entrepreneurs, while struggling to build a business, don’t have access to credit or financial services. Some don’t have the means necessary to get started, and for many, many more, they simply have no place to go other than a loan shark. The financial infrastructure we take for granted in the U.S. sadly doesn’t exist for the hardworking poor in developing countries. That’s why your loans, and the supporting infrastructure of 45 banks and financial institutions we partner with, are so vital. These institutions exist for one reason only: to provide the working poor with the opportunity they need to transform their lives and break the cycle of poverty. These are their banks. Built to offer opportunity, to protect them from those that might take advantage of their vulnerability, and to provide them dignity and prosperity. Together we can build many more. And we can do it faster.
