In keeping with LSU’s ethos of helping communities to help themselves, our Micro Loan programme aims to help villagers in create sustainable businesses that provide for the whole community.
Our business advisers and project managers visit these rural villages and identify villagers who have a business in mind, but lack the funds or knowledge to get it up and running. Others might already have a business going, but require funding and advice to expand it.
We provide a small, interest-free loan to get the business started, and then continue to monitor the business as it develops, providing further advice, and funds if necessary, until it is able to sustain itself and repay the loans given.
We find that metering the funds in this way allows the business to grow organically, and this helps to buffer us and the villagers from any disasters or bad decisions that could cause the business to fail. We are acutely aware of the problems associated with money lending and borrowing, and we take every precaution to prevent the stresses of debt from affecting rural communities.
Rather than expecting any interest on the loans we provide, we ask that those who are helped by us go on to help others who are in need. Instilling this pay-it-forward approach in the minds of the people we help is the only way that we will be able to see true change occur, even without our continued involvement. We’re always in need of local people to assist with our projects, and we believe it’s far better to be helping others than paying back interest percentages!
THIS KIND OF GRASS ROOTS ASSISTANCE IS ONLY MADE POSSIBLE BY PEOPLE LIKE YOU DONATING TIME, MONEY, AND EQUIPMENT.