Micro Financing
Micro Financing
Providing opportunities
by enhancing access to finance.
GNGIF promotes micro financing as it is essential to primary industry
producers, creating positive impact on positive cash flow, enabling product
and service producers to settle debts and re-invest in their businesses,
pay for expenses, and create buffer against future financial challenges.
Micro financing will be one of the core components of GN’s Social
Economy Ecosystem.
Role of Micro Financing in GN’s Social Economy Ecosystem
-
MFI icon
MFI
Widening financial access
of cooperatives -
Cooperatives icon
Cooperatives
Beneficiary-centered
cooperatives -
Social Enterprise icon
Social Enterprise
Concentrated technology
& resource integration
Local Market
Export
Impact of GN Micro Financing
- Focus on production activities icon
Focus on production activities
Loans provided with focus on
production not consumption - Low Interest rate icon
Low Interest rate
Burden of repayment much less
than other service providers - Ownership with community icon
Ownership with community
Strengthen ownership of the fund
provided to the community members
Micro Financing Institutions in GN Partnership Countries
Good Neighbors Global Impact Foundation established 1 Micro Financing Institution in the Dominican Republic in 2019, and promotes microfinance projects in 26 countries as of 2022.
In addition, GNGIF plans to transform existing revolving funds that are operated in GN Partnership Countries into official.
Micro Financing Institutions by 2030, in order to improve access to finance by professional management of the funds.