HOME OF HOPE’S MISSION IS TO HELP CHILDREN AND THE HOH MICROLOAN PROJECT IS JUST ONE WAY THAT WE CAN HELP CHILDREN WITHOUT MONTHLY SPONSORSHIP.
WHAT IS A MICROLOAN?
It is a small loan for poor women/mothers through Home of Hope to start a business. These women form accountability teams of 5 or 6 for a six month loan each. If one woman is not able to make a payment, the others must pay it together.
By the end of the six months, each woman is self-sufficient and can care for her family without needing monthly sponsorship.
Here is a great picture of six women in Rwanda receiving their loan.
A donation of $125 will recycle from one woman to another helping them and their children get out of the cycle of poverty.