Micro loans are small business loans that are given to individuals to assist them in getting established in a viable means to support themselves. We encourage them to start small, with loans ranging from $200 to $500 depending on the business type. We want to ensure they can prove they have adequate business skills. These are interest-free loans given to individuals who first go through a screening process with our financial board in Liberia.
We believe in the old Chinese proverb: “Give a man a fish and feed for a day, teach a man to fish and feed him for a lifetime.” To date we have given out over 65 loans in Liberia and 25 in the Refugee Camp in Ghana. Our micro loans are doing very well.