International

Microfinancing helps bring families out of poverty

February 19, 2020
MPF_Global Partnerships_Zipporah
 

Since Zipporah, an entrepreneur working her way out of poverty, received a $200 loan to start a farming business in 2007, she’s grown her farming business to include multiple products and generated enough income to send her youngest child to university, creating a multigenerational impact. Zipporah received that first loan after she joined the Kenya Women’s Microfinance Bank, an organization supported by Mercy Partnership Fund investee Global Partnerships. Her business has been successful since joining the bank due to her smart business decisions, resilience, and the bank’s continued support in the form of additional financing and services. Today, she is a landowner and has a dairy, poultry, pig, banana and coffee farm. Zipporah’s resilience and determination in the face of poverty have helped create change in her family.

Zipporah is just one of many women Global Partnerships supports through its Women-Centered Finance with Education initiative. It aims to empower women living in poverty through investing in partnerships that deliver financial and educational services for women to build economic resilience. This initiative has already impacted 3.9 million lives and is only one of many impact-first initiatives Global Partnerships has cultivated over the past 25 years.