We launched our Finance program in April, 2006. By enabling microfinance through the internet, we have been able to pursue our mission of lifting poor Ecuadorian communities out of poverty. Thanks to our partner Kiva, we have funded nearly 100 clients to date, and continue to grow rapidly.
In October, our first group of borrowers successfully finished repaying their loans, and many have already received their second Kiva loan.
Seeing our clients' growth over the past six months has shown us the clear and tangible benefits of micro-credit. In celebration of our half-year birthday and as a token of gratitude to the generous Kiva lenders, we have set up a gallery of the profiles of our first ten borrowers.
Thank you for your generosity, keep lending!
DONE READING? Return to the News main page to read more news or subscribe to the Mifex Newsletter to receive news by email as well as updates on our borrowers and MERIT Center students.