MicroCredit Enterprises

-Project status: Active
-Sectors: Non-profit Activity
-Funding source: Private Investment Funded
-Location of project: Global
-Project type: Microfinance Activity

Managing Organization: MicroCredit Enterprises


MicroCredit Enterprises

Contact Name: Karen Roberts

Contact Email: kroberts@mcenterprises.org

Contact Address:

Karen L. Roberts
Director, Administrative Services
c/o Nossaman Guthner Knox & Elliott
915 L Street, Suite 1000
Sacramento, CA 95814




Activity Description: MicroCredit Enterprises is committed to reducing poverty by mobilizing private investment capital to finance micro-businesses of poor families throughout the developing world. MicroCredit Enterprises gears its entrepreneurial results to produce jobs, sustain micro-businesses and improve human lives.

MicroCredit Enterprises leverages the collateral assets of individuals and institutions to borrow debt capital in the United States which is channeled through overseas, locally-run, non-governmental microfinance organizations in order to make thousands of tiny business loans to local entrepreneurs. MicroCredit Enterprises' reverses the cycle of poverty in economically distressed countries using the tools of the marketplace to provide self-help opportunities to millions of impoverished women and their families.

Among their criteria for MFIs is the ability to increase the number of poor clients served or who operate comprehensive social service programs, such as women's empowerment, health education or business training for micro-entrepreneurs. Respecting the ability of local people to best decide priorities and meet local challenges for themselves, MicroCredit Enterprises loans to MFIs with reliable management and accountable boards of directors who respond to local community needs.
Submitted by Limo on May 15, 2008 - 11:48.
I think MicroCredit is doing a fantastic thing and sure hope everything goes well!

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