Micro loans provide entrepreneurs with the capital, which would otherwise be unavailable to them, to start or expand their business so that they can increase their earning potential and work towards a more financially secure future.
IADES’ social mission is extremely important to them, a key part of which is to reduce gender inequalities. They promote women’s rights through education to empower women in their homes and communities and to give them the opportunity to become role models.
In addition to providing micro loans and business training, IADES, also create tailored savings plans and social development training programmes.
When managed responsibly and with the right support, micro finance can be a highly effective tool for alleviating poverty. Low interest, livelihood development loans, savings accounts and insurance can help families to cope with financial shocks, (such as health emergencies and crop failure) which would otherwise push them further into poverty.
Working with men and women involved in the informal sector – those running their own small businesses; small farms, market stalls, tailors and food shops, IADES’ programmes are specifically designed for those who live at or below the poverty line. People living on less than $1.90 per day.