Microcredit consists of very small loans, often called microloans, to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. These people typically lack collateral, steady employment and a verifiable credit history. They generally cannot meet even the most minimal qualifications to gain access to traditional credit. Microcredit is a part of microfinance, which is the provision of a wider range of financial services to the very poor.

Joy2theWorld provides these micro loans to women to invest in their existing businesses.  Women cannot get loans because they lack collateral or a professional business plan.   Often our women are making a living by selling products or providing services in their communities, earning a meager living.   Providing these micro loans help our clients to build their self esteem as well.  As the women grow their businesses, they take care of their families and also become active and vocal leaders in their communities. Once they realize that they deserve a loan, they begin to realize they deserve more – an education for their children, access to clinics and improvements in their community sanitation.

Your donation could make the difference for these women! Rebecca needed 150 Ghana cedis (approximately $80) to start her business. She purchased soap in Accra, then walks the paths throughout her village on Saturday, a typical laundry day for everyone. She sells her inventory and replaces it with more for next Saturday.

For some of us, $80 is a large donation. For others, we spend $80 for a nice dinner out. But for Rebecca, $80 can provide her the inventory to build a business, support her family (her mother) and support her local economy.

Consider donating to Joy2theWorld through Paypal here on the website.

How You Can Make A Difference

VISITING JOY2THEWORLD IN GHANA