Why We Offer Microloans Instead of Grants & How it Works

Part of our empowering women program in Bihar, India is offering microloans to the women who've completed our business training program. 

You might ask yourself, why microloans? Why not just give the women the money for their business straight up and walk away without expecting anything back? 

What our Microloans do

We offer microloans because it helps someone's business become self-sustaining rather quickly. It also gives the business owner the pride that their business is their own and a product of their hard work; as they'll have to eventually pay back their loan. They'll retain a sense of accomplishment. We don't offer a handout; we offer to help women grow their businesses.

Not all the women who've completed our business training program will accept the microloan from Jesus' Economy, but the ones who do will receive up to $500 and have the funds they need to purchase supplies or equipment for their growing business. (And $500 goes a long way in Bihar, India.)

Our microloans are different than typical. We don't just offer a loan, we create economic opportunity. We buy products from the women and sell them on a larger scale than just the local impoverished economy. (This also helps the women repay the loan quickly.)

The women we work with will sell locally and Jesus' Economy will buy some of their products at a fair price and sell them in our fair trade store internationally. This opens up their business to a whole new market, increasing their customer base and helping lift the entire community out of poverty. The commerce isn't limited to their community.

With Jesus' Economy, women are able to create jobs for other people as their business scales. The local economy is renewed with the help of the global marketplace. We connect artisans to global commerce. It's microfinance meets e-commerce.

How the Microloan Process Works: Infographic

We've developed a microloan model and process which is covered in the infographic below. 

 

Join us in our endeavor to help women become independent and build strong businesses by donating to our microloan fund




Kayli Thompson
Kayli Thompson

Author

Contributing Editor for Jesus' Economy



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