Stimulating entrepreneurship one loan at a time
It's a frightening statistic. Half the world - nearly 3 billion people - lives on less than $2.00 a day.
Small-scale enterprise plays a vital role in economic reconstruction. With few secure economic opportunities and no access to formal credit, most people in poor and isolated regions struggle at the subsistence level.
Aga Khan Development Network (AKDN)-supported initiatives offer a ladder out of poverty by providing entrepreneurs with money management training and modest loans, at reasonable rates of interest, to start and operate a small business.
The goal is to allow people to expand their incomes, diminish their vulnerability and become self-reliant. Often, the entrepreneur is not the only one to benefit from these loans as successful businesses expand and provide employment opportunities for other members of the community.
Together, Canada and the AKDN are fostering hope and economic stability one loan at a time.