Loans

Opportunities for financial capital provided to the caregivers of our kids so they can launch or expand businesses.

Why Business Loans?

 
The main reason for a child joining BFR is due to economic struggles to take care of basic needs such as food, clothing, education, or health care. This is largely due to no fault of our caregivers and largely due to long-lasting and debilitating effects of the genocide, lack of proper secondary or even primary education, poor saving strategies, and many other complex factors.

Best Family desires to be about more than just meeting basic needs for kids. We want to empower and equip caregivers to be financially stable enough to meet these needs on their own. Our goal is to move beyond charity and into development, where we invest in Rwanda’s future generation.

The Motive Behind it All

Our goal is to move beyond charity and into development. We want to empower and equip caregivers to be financially stable enough to meet needs on their own.

How It Works

 

It All Starts Here

If a caregiver has a business idea they would like to receive a loan for, they will get in touch with our Business Loan Manager to discuss. Our manager will work with them to hone their ideas from a strategy standpoint and identify strengths and weaknesses of the concept. Then once agreed upon, the caregiver will submit an application for review and approval by Best Family Ministries.
 

Savings Groups

A savings group is a collective who save their money and learn proper money management skills together. As they build a secure sum of money, members often take out loans from their group to pay for household expenses or invest in businesses. Any caregiver that is part of the business loan program must be part of one of the established sector savings groups while maintaining consistent attendance and contributing regularly.

Decreasing dependency & opening opportunities

Family preservation and economic empowerment are undeniably linked. The economic instability of poverty leads to unstable families and dependency.

By the Numbers

Loans Given

151

Total Loaned ($)

15,870

Payback Rate

94%

Savings Groups

5

Average Loan ($)

100

Lives Impacted

604

Dignity & Strength

The economic instability of poverty leads to unstable and disrupted families.

 
Empowering men and women economically will create a stronger family and result in better care of and opportunities for the children we serve. Economic empowerment not only gives the men and women that raise our kiddos more income, but it opens up the door for dignity to be restored, value to be recognized, stronger families to be built, and improved quality of life.

Beyond Charity into Development

Creating an avenue towards financial independence for our caregivers has an immediate benefit for our children and a generational impact for years to come.

Best Family

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