10 Reasons Why Microfinance Isn’t Charity
December 7th, 2009 by Julie Soforenko in Donors
‘Tis the season for holiday fundraising, and along with holiday cheer we’re sharing our message that microfinance gives hard-working people the chance they need to support themselves. Our holiday fundraising site, www.itsnotcharity.org, is up and running and even though it’s cold outside, you can make our donation thermometer get on the rise.
What Donors Want to Know
How does a donation to ACCION USA impact our clients? Well I’ll tell you. And you may just see yourself, your mother, cousin, best friend, or next door neighbor in these ideas as well.
10 Reasons to Give to ACCION USA and Microentrepreneurs
- Know somebody who needs a job? Our microentrepreneurs create or retain an average of 2.4 jobs
- Sustainability: Our loans gets recycled into the loan fund where it grows and then gets lent to the next entrepreneur
- Impact: Our loans help microbusiness owners increase their income about 20% on average
- Entrepreneurs have to start somewhere. We can offer loans to start-up businesses as young as 6 months old. Most banks are looking for 2 years in operation
- Universal Education. Our stellar financial education program, from tip sheets to webinars, is free and open to everybody
- The America Dream. 67% of our microentrepreneurs have immigrated to the US to achieve their dreams, like owning a small business
- Business survival. An astonishing 97% of ACCION USA’s established businesses and 90% of start-up businesses stay open, even in this economy!
- Giving people the credit they deserve. People near our branch offices with no credit history can start building it with one of our loans
- Be a part of our socially conscious partner community. Join the ranks of Kiva, the designer Tory Burch, Samuel Adams, and many more
- It’s not charity, it’s a chance. And you can’t beat that!
Want more reasons why you should give the gift of a chance? Watch our video to learn more about microfinance in your local community. You can even dance while you’re watching…