HERE ARE SEVERAL REASONS WHY
We began our microcredit lending activities 8 years ago and have a very good track record in terms of the lending performance of our MFI partners and the improvements in the lives of our clients. We have to date made over $1.6 million in micro-loans to over 3,900 women micro-entrepreneurs. Our clients have paid back over 96% of the amounts we have lent them over this period of time.
We have a strong board and board advisor. We have many decades of collective experience in all aspects of microcredit and business matters.
The funds you contribute or lend to Open to Grow go directly into loans to poor women entrepreneurs. We maintain a low overhead which has been funded for the most part by our directors.
The money from loans that are repaid will be re-lent to other poor women entrepreneurs. Thus your donation or loan to Open to Grow will continue to do good work for many years after it is made.
We lend to poor women entrepreneurs. History tells us that women repay their loans at a higher rate than men. In addition to re-investing a portion of their profits in their businesses, women use the remainder of their profits to enhance the lives of their family members by making small improvements to their shelters/homes, buying better quality food and clothing, improving nutrition and health cars, and paying school fees to keep their kids in school.
We apply rigorous testing to prospective MFI Partners. Our current partner, ADIM, is a small, efficient, and very well-run MFI. We believe that they will produce very positive results for all clients going forward.