Your Guaranteed Power to End Poverty
MicroCredit Enterprises and its Guarantors use their good credit ratings to provide capital to overseas trustworthy farmers, shopkeepers, craftspeople, weavers and other talented, hard-working poor people to start and expand small enterprises.
Without making a donation, a social investment or moving funds to a special account, a typical Guarantor backs up to 5,000 microcredit business loans feeding as many as 25,000 hungry people in the developing world.
Why Guarantee?Because the poor endure discrimination from traditional banks, the uneducated cannot sign their names to even the simplest bank forms and the destitute do not have collateral or credit histories.Fewer than one in five of the world's poorest households have access to financial services.Fewer than one in five of the world's poorest households have access to financial services – a critical requirement for creating and growing cottage enterprises to feed and clothe themselves.
How microloans workWith microcredit loans, impoverished women create and build home-based businesses (e.g., making soap, animal husbandry, weaving, etc.). New microloans (often for a short-term, like 4 to 6 months) can begin as low as $25, $75 or $150 per poor borrower.With microcredit loans, impoverished women create and build home-based businesses.The MicroCredit Enterprises focus is sustainable economic development for families living in extreme poverty ($1.00 per day or worse). By financing a woman entrepreneur to go into business for herself, long-term dependency on traditional aid or charity is avoided.
As a financial model, micro-businesses operate successfully and profitably because they are in the informal economy without major business expenses such as taxes, employment wages or benefits, etc. In many cases, there is little or no cost to transport goods to market or to pay rent and utilities (which may not exist).
Microfinance is a proven international poverty reduction strategy.Microfinance is a proven international poverty reduction strategy. Poor women entrepreneurs have a reported loan repayment rate of 97% in well-managed microfinance programs.
Our GuarantorsMicroCredit Enterprises Guarantors are extraordinary people. From Alaska to Miami, Guarantors have banded together – often even before meeting each other – to pledge their wealth and wisdom to create self-help opportunities for desperately poor people half away around the world.
MicroCredit Enterprises Guarantors are high net worth individuals, non-profit institutions, corporations and foundations. MicroCredit Enterprises goal is to reach a total of 100 Guarantors – which would mean food security for nearly 2.5 million people.
MicroCredit Enterprises Guarantors are high net worth individuals, non-profit institutions, corporations and foundations.Currently, 37 Guarantors are in the program, representing $37 million of guarantee value to back microloans. In the aggregate, our Guarantors have a combined total net worth exceeding $532 million, excluding non-marketable assets.
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Important Disclaimer: Information provided on our website is not intended to be tax or legal advice. Please consult a qualified tax or legal advisor. It is also important to understand MicroCredit Enterprises is not a socially responsible investment fund or an investment of any kind. MicroCredit Enterprises is not operated as a profit-seeking venture for the benefit of any individual or institution.
Without making a donation, a social investment or moving funds to a special account, a typical Guarantor backs up to 5,000 microcredit business loans feeding as many as 25,000 hungry people in the developing world.
Why Guarantee?Because the poor endure discrimination from traditional banks, the uneducated cannot sign their names to even the simplest bank forms and the destitute do not have collateral or credit histories.Fewer than one in five of the world's poorest households have access to financial services.Fewer than one in five of the world's poorest households have access to financial services – a critical requirement for creating and growing cottage enterprises to feed and clothe themselves.
How microloans workWith microcredit loans, impoverished women create and build home-based businesses (e.g., making soap, animal husbandry, weaving, etc.). New microloans (often for a short-term, like 4 to 6 months) can begin as low as $25, $75 or $150 per poor borrower.With microcredit loans, impoverished women create and build home-based businesses.The MicroCredit Enterprises focus is sustainable economic development for families living in extreme poverty ($1.00 per day or worse). By financing a woman entrepreneur to go into business for herself, long-term dependency on traditional aid or charity is avoided.
As a financial model, micro-businesses operate successfully and profitably because they are in the informal economy without major business expenses such as taxes, employment wages or benefits, etc. In many cases, there is little or no cost to transport goods to market or to pay rent and utilities (which may not exist).
Microfinance is a proven international poverty reduction strategy.Microfinance is a proven international poverty reduction strategy. Poor women entrepreneurs have a reported loan repayment rate of 97% in well-managed microfinance programs.
Our GuarantorsMicroCredit Enterprises Guarantors are extraordinary people. From Alaska to Miami, Guarantors have banded together – often even before meeting each other – to pledge their wealth and wisdom to create self-help opportunities for desperately poor people half away around the world.
MicroCredit Enterprises Guarantors are high net worth individuals, non-profit institutions, corporations and foundations. MicroCredit Enterprises goal is to reach a total of 100 Guarantors – which would mean food security for nearly 2.5 million people.
MicroCredit Enterprises Guarantors are high net worth individuals, non-profit institutions, corporations and foundations.Currently, 37 Guarantors are in the program, representing $37 million of guarantee value to back microloans. In the aggregate, our Guarantors have a combined total net worth exceeding $532 million, excluding non-marketable assets.
- Nine Guarantors are non-profit institutions or foundations with a combined total net worth exceeding $175 million.
- Twenty five Guarantors are individuals with a combined total net worth of approximately $335 million.
- Two Guarantors are companies or LLC’s with a combined total net worth of approximately $22 million.
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Important Disclaimer: Information provided on our website is not intended to be tax or legal advice. Please consult a qualified tax or legal advisor. It is also important to understand MicroCredit Enterprises is not a socially responsible investment fund or an investment of any kind. MicroCredit Enterprises is not operated as a profit-seeking venture for the benefit of any individual or institution.
