We are so privileged in the modern world to have access to financing and business development expertise that we can't imagine and economy without it. Well, there are places in the world that don't have the funds to support the development of an entrepreneur's dream, and for those, micro financing is their answer.
Little Fish Big Pond is proud to financially support budding entrepreneurs in developing countries, by providing financial support to Opportunity International.
Opportunity International Canada provides small business loans, savings, insurance, and training to over 14.3 million people working their way out of poverty in the developing world. For 45 years, Opportunity's services have empowered hardworking individuals around the world to build sustainable businesses, increase their incomes, create jobs and lift their families and communities out of poverty.
Clients in more than 20 countries use Opportunity's financial services to start or expand a business, provide for their families, create jobs for their neighbours and build a safety net for the future. Women, who comprise 95% of Opportunity's clients, gain status through their business experience. Loan amounts begin with as little as $60, and a 98.9% loan repayment rate allows Opportunity to keep more money circulating in new loans.
With a $60 loan from Opportunity International, Solange Mukakarangwa opened a small store near Ruhengeri, Rwanda. With her earnings and additional loans, she built several houses and offices to rent to neighbors for their small businesses. Despite living in one of the poorest countries in the world, Solange now provides for her five children and promotes economic growth in her community.