Microfinance gives individuals the chance to work their way out of poverty – a chance to build a better future for both themselves and their families.
WF Aid provides microfinance loans to help individuals and families with the financial support and resources they need to improve their standard of living and economic self-sufficiency. Funds from WF Aid are used to either start a small business or expand an existing one.
The Scale of the Poverty Crisis
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People live on $1.90/day
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Children die daily due to poverty
0%
Indian households lack regular income
Empowering Communities Through Microfinance
Our current projects
How microfinance changes lives, one individual at a time.
Real Stories. Real Impact.
Meet Mohammed*
Mohammed lives in Mumbra, a town that is approximately 28 kilometres north east of Mumbai. He is a family man from the Khoja community and runs a business that he has set up himself – an ice cream parlour. Extremely hardworking, he has already purchased an ice cream machine and established a strong customer base. However, sales have reduced over the last year and in order to help increase sales and get the business back on track, he wanted to purchase a soda machine – the cost of which is £1,250. Unfortunately, at this stage, he is unable to purchase this himself.
Through our support, we provided an interest-free loan to Mohammed to purchase the equipment he requires. The funds that are returned to us through the repayment of the loan will be recycled and used to help others like Mohammed.