Increasing Quality of Life for Families through Microloans and Education Visit here to donate and help improve the quality of families' lives in Cambodia: https://www.classactarts.org/donate.html The Microloans For Mothers program issued its first five loans in November of 2010, and within a year grew to serve 35 clients. Women receive an initial loan of $100 to start or improve upon a home business. The loan is paid back over a six-month period, after which the mother can apply for a larger loan. To date 100% of the loans have been repaid. Mothers are organized in "loan groups" of five members that meet weekly for business training, fellowship, payment of loan installments, and deposits to their individual savings accounts. Staff in Cambodia prepare a monthly progress report on each mother’s business. By helping mothers with capital to start their own businesses, the program enables low-income women to take a proactive role in creating a more promising future for themselves and their families.
View Top Employees from Microloans for MothersWebsite | http://www.microloansformothers.org |
Employees | 1 (1 on RocketReach) |
Founded | 2010 |
Address | 887 Sandcastle Dr, Cardiff By The Sea, California 92007, US |
Phone | (760) 436-3729 |
Technologies |
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Industry | Banking, Charitable Organizations & Foundations, Organizations |
Competitors | Merchants and Manufacturers Bank, Mountain View Bank of Commerce, The Pecos County State Bank |
SIC | SIC Code 83 Companies, SIC Code 839 Companies |
NAICS | NAICS Code 813311 Companies, NAICS Code 813 Companies, NAICS Code 81331 Companies, NAICS Code 81 Companies, NAICS Code 8133 Companies |
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Niels Lund is the Executive Director of Microloans for Mothers.
1 people are employed at Microloans for Mothers.
Microloans for Mothers is based in Cardiff By The Sea, California.
The NAICS codes for Microloans for Mothers are [813311, 813, 81331, 81, 8133].
The SIC codes for Microloans for Mothers are [83, 839].