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Where do you get money to start a village level micro finance service?


ndumberi micro projects is ayoung community based organization whose members' main objective is to eradicate poverty among themselves. Hence they need access to most suitable and affordable credit facility in order to invest into their small income generating activities. They do not have a fund base to jump start lending members little sums of money.

I take it you are not within the US. Here are some places where you may be able to find financing for your microfinance project:

1. Start with any Grameen Bank type of institutions in your country. These non-governmental organizations main goal is to eradicate poverty through self sustenance and they do it through microlending.

2. Go to the local government if they have any poverty eradication programs, and whether your organization could be a microfinance supplier

3. Research projects of multilateral institutitions such as World Bank, Asian Development Bank (if Asia) or Africa Development Bank (if Africa) or United Nations Development Program and check who is the conduit institutions for their microlending projects. These organizations typically deal with the government so there is one agency handling this type of project. To a lesser extent do they deal with NGOs.

4. Check with development finance banks (not commercial banks). In the Philippines, there are a few development finance banks that provide capital for such type of endeavor.

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