A loan of $325 helped to buy more fish for resale.

The Mercy Foundation helped fund a microloan to Mischel, a fish vendor in the Philippines.

Here is Mischel’s Story

In the heart of the Plaridel municipality in the Philippines, Mischel runs a business selling fish. Her business has been doing well, and with her husband’s help, she has been able to maximize her profits and provide or her family. She has even been able to increase the amount of time that she invests in her business, ensuring that she and her family are able to thrive.

However, her business does not only benefit her and her family. In the past, she has helped many of the people around her set up their own retail businesses, as she allows them to sell their fish to help increase their income. She recently approached the PMPC for another loan, which she would use to help her buy more fish and build her business.

Microloan Partners Her loan is being administered locally by Paglaum Multi-Purpose Cooperative (PMPC), a non-governmental organization that was created to help the society become self-reliant. It makes it possible for people to expand their opportunities so that the poorest of the poor can help themselves. They operate in two northwestern provinces of the Philippines, Mindanao and Visayas.

The Mercy Foundation, with the help of Kiva and PMPC, fully funded the loan that Mischel was awarded. The partnership between these two organizations and the foundation is helping to change the lives of hundreds of people, giving them the means to lift themselves out of the cycle of poverty that surrounds them.

One of the main reasons that these partnerships work so well is because all the organizations share the same goal; to provide people with means of gaining capital with access to microfinance services. The partnership works so well because Kiva brings social entrepreneurs together, while PMPC identifies locals who are in need of funding. The Mercy Foundation then complete the circle, by providing loans to those that need them the most.

Mischel’s loan of $325 was fully funded by The Mercy Foundation. If you would also like to make a mark in someone’s life, or indeed in a community’s life, then you should visit Kiva.org and have a look at the thousands of loans that desperately need funding. By funding a microloan, you will be changing the lives of not just the recipients, but of the whole community as well.

Notes 1.  
This article is based on https://www.kiva.org/lend/997969

A loan of $425 helped a member to buy a larger selection of cassava and plantains.

The Mercy Foundation funded a microloan to Hanna, an entrepreneur in Ghana.

Here is Obrah Group’s Story

 
 Hanna, a young mother of four from Accra, Ghana, has been running a business buying and selling cassava and plantains for several years. Her husband also has his own business as a trader, and together, their income helps to support their family. Hanna has enjoyed a steady income for a while, but recently she decided to expand her business.
To this end, Hanna approached ID Ghana and applied for a loan to help her achieve her goals. The money that she received from the loan helped her to buy a larger selection of cassava and plantains, which she is now using to expand her business and therefore increase her income. As the leader of the Obrah group, a group that she started with an equally hard-working friend called Mercy, she successfully completed paying her loan.

Microfinance Partners
Locally, her loan was administered by ID Ghana, a microfinance organization that supplies both social and economic assistance to the underserved urban communities in Ghana. Ghana has an average annual income of just $3,500, which makes it virtually impossible for many people to support themselves and fund the ideas that will help them get out of their cycle of poverty.
Kiva and ID Ghana helped the Mercy Foundation to fully fund the loan that the Obrah Group successfully applied for. These three organizations are helping to change the lives of thousands of people by giving them the tools that they need to dig themselves out of the poverty that surrounds them.

This is because Kiva and ID Ghana are dedicated to providing microfinance services to the people who need them the most, especially those who do not have any other avenue to gain the capital that they need to implement their projects.

Obrah Group’s loan of $425 was fully funded by the Mercy Foundation, and now the group has a chance to elevate their business and increase their income. If you would also like to transform someone’s life by funding a microloan, make sure you visit Kiva.org, and browse through the numerous loans that desperately need funding. By helping an underprivileged entrepreneur, you will not only be changing someone’s life, you will be transforming the lives of many.

Notes
1.    This article is based on https://www.kiva.org/lend/992977