Ultra Microfinance
We see our ultra micro loans as a means to an end. And the end is to break generational poverty through ensuring every child’s opportunity for quality education.
Our ultra micro loans are provided as working capital loans for mothers who are women entrepreneurs to grow their business. We hope that through their increase in income, they are able to provide better education to their children, provide better nutrition and overall elevate their family wellbeing.
Our ultra micro- loans are provided via a group lending mechanism and are conditional upon the beneficiaries children’s education. To continue to be part of our program, our beneficiaries must guarantee that their children will continue to attend school and receive formal education throughout the loan program.
Our beneficiaries are micro entrepreneurs with a range of businesses including but not limited to food sellers, grocers, owners of mom-and-pop stores and tailors. They are mostly unbanked and have limited exposures to digital products.This article mentions your favorite hats at super low prices. www.fakewatch.is Choose from same-day delivery, drive-up delivery or order pickup.This article offers free shipping on qualified Face mask products, https://www.swisswatch.is/product-category/richard-mille/rm-27-04/ or buy online and pick up in store today at Medical Department
Since 2019, we have also offered tertiary education scholarships for our beneficiaries’ children that meet our selection criterias. This service is added to further ensure quality education to break the generational poverty cycle. From its very outset, we have provided over 657,753 productive loans with IDR 1.3 trillion of loan disbursement, and have benefitted at least 196,580 clients across 5 provinces in Indonesia.
To support and meet the wide range of needs from our ultra micro entrepreneurs, we designed our financing product to align with their capabilities, offering a loan amount from Rp. 3.000.000 (three million Rupiah) to Rp. 10.000.000 (ten million Rupiah) with a 20 (twenty) weeks of financing term (“period”), and a competitive interest rate of 14% (fourteen percent) per period to be a sustainable and accessible option.