Providing credit to small businesses who do not otherwise have the ability to obtain financing. Helping people in developing countries lift themselves out of extreme poverty by giving them a hand up - not a hand out.
Micro Loan programs that include mentorships, business training, and financial services - helping people turn their hard work into independence and self-confidence ensuring their families immediate needs are supported so they have a solid foundation to build a future.
Over 4.3 million people have benefited from Mentors International’s programs with nearly $77 million in loans distributed. Families now have decent housing. Their children are in school. They have at least two meals a day where one had been their norm. With a stable present, families can start building a future - and helping others in their community in the process.
Nearly $77 million has been loaned through the micro-lending program with a 97% historical repayment rate.
“People that are in financial difficulty, are in difficulty for two reasons: Number one, they don’t know how to get money dependably. Number two, they don’t know how to manage money if they do get it, so they’re always going to be in financial difficulty.The real need is not just money. The real need is to help these people develop character that they are then in a position where they can create value for other people.”
-Menlo Smith, Founder, Mentors International