Finances
The Impact:
In just the first 18 months of the program, 629 individuals in 48 groups have become involved in the micro-finance program. Through their participation in weekly meetings, and group accountability, many have already repaid their first loan and are already on their second, third or fourth loan! Below is the financial information for loan activity during the first 18 months.
Total Loan Disbursements:
$100,746.99
Total Loan Repayments:
$57,981.89
Total Outstanding Loans:
$40,979.06
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Other key metrics:
Average Loan Amount
The average individual loan amount is between $100-$150
Number of Loans Made
During the first 18 months of the program, 322 first loans, 92 second loans, and 7 third loans were made.
