Browse: Loan Requests | Updates on Completed Loans


OVERVIEW

The CommonThreadz microcredit program provides women entrepreneurs with micro loans (average loan is $500) in Africa and Haiti. CommonThreadz and our field staff screen and source each lending opportunity and through these loans the women are able to build sustainable income and act as role models in their communities. The loan recipients are often the women that help care for the orphans and vulnerable children in the community. CommonThreadz administers the loans and also provides business training and healthcare support to the microloan recipients to ensure overall success of the program.

CommonThreadz knows that the microcredit program is one of the most effective ways to provide economic independence to those who need it most, while empower them and enhancing their standard of living. Through this program we can work to alleviate poverty in the communities we serve in Africa and Haiti.


BASICS OF THE COMMON THREADZ MICROFINANCE PROGRAM

	CommonThreadz does not pay interest to our lenders. Our loans are not an investment and we do not recommended them as an investment as such.
	Microfinance is expensive and is one of the reasons small loans are not given by large banks. As such, CommonThreadz does charge interest (10%) to our entrepreneur microloan recipients. This enables us to handle the costs associated with the loans and to achieve self-sustainability.
	100% of your loan is used to fund the borrowers that you choose and the borrowers receive the funds as soon as the loans are made.
	The entrepreneur / borrower repays the loan over time. Every month we collect repayments from our loan recipients and we provide those repaid funds to CommonThreadz lenders. We email the repayment updates to our CommonThreadz lenders. Repayment time varies for each loan but most are repaid within 6 to 12 months.
	When lenders get repaid, they can re-lend to another entrepreneur, donate their funds to CommonThreadz's work with orphans in Africa & Haiti, or withdraw their funds to a PayPal account.

 

Photo / Video	Loan Progress	Location & Category	Entrepreneur(s)	Details / Give Loan
	$255 of $500 51%	Obanjeni, S. Africa Clothing Sales	Siyathuthuka Obanjeni Group	The women of this group, led by Fikile, wish to open a small store for clothing sales in a separate building on Fikile's land next to her home. In addition, the ladies will use the funds to source retail stores in the area to sell the clothes that they make and procure. VIEW PAGE / MAKE LOAN

Updates on first completed loan(s) will be available when funded!