Economic Initiatives

Sustainability DiagramEconomic development is an engine for sustainability, allowing local communities to claim their own resources and manage grassroots development. Through Microfund loans and social entrepreneurship, the development in the economic sphere uplifts communities to sustainably support holistic growth and development.

Microfund

Naysayers said that loaning to the world’s poorest is too risky. But when communities are accountable for their own development, SHGO knows that it works. Loan repayment rates are always 98-100%. And, with small interest generated, SHGO partners reinvest into their communities and distribute more loans. This economic strategy uplifts communities, alleviates poverty, and is a sustainable gift that keeps on giving.

The SHGO Microfund distributes small loans to global partner organizations. Partners then extend funds to local community recipients – oftentimes farmers and women – to support local business ventures for income-generation. From agriculture development to small businesses for artisan crafts, loan recipients use local resources to become entrepreneurs. Learn more

Social Enterprise

Small business developments in Sierra Leone help to fund a Clinic-School Campus in rural Bandawa. Volunteerism and ecotourism in Guatemala uplift a rural agricultural community. Agri-business development in Ghana sustains families and communities before harvest time. By harnessing the power of entrepreneurship, SHGO and our global partners create social enterprises for change.

While businesses measure gains and losses, social enterprises create social change as their bottom line. In SHGO’s global partner communities, social enterprise is a tool for economic empowerment and sustainable development. Learn more

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