About Trust Banks
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date post
17-Oct-2014 -
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Economy & Finance
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Transcript of About Trust Banks
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Trust Banks,Women,
Poverty &Microfinance
a wonderwebby project
http://www.flickr.com/photos/hippie/2476672160/
herstory
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This woman lives in poverty in the PhilippinesTo get ahead, she could start a business but...
http://www.flickr.com/photos/pikaluk/94179735/
dreaming of a
better day
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..she has no collateral to get a bank loanand a loan shark could charge her
100% interest per day
http://www.flickr.com/photos/cdnphoto/2886687124/
stuckin
poverty
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one day a microfinance loan officer gives an information session about Trust Banks.
She applies to become part of a Trust Bank with other women from her village
http://www.flickr.com/photos/grrrl/213137546/
hope
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She is accepted into the program along with 15 to 30 others and joins in training with the loan officer for a few weeks
http://www.flickr.com/photos/pinksherbet/2969690080/
joy
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Her trust bank chooses a name, a leader, treasurer and person to collect payments. Her initial loan is $70 to $300. She sets up a fruit stall, or bakery, or perhaps a shoe
store.
new day
http://www.flickr.com/photos/oliflorez/108342513/
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The money she receives helps her to buy products in bulk, increase her variety of
products, or buy a bigger cart for her stallhttp://www.flickr.com/photos/backpackphotography
big dreams
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She meets weekly with her Trust Bank members, learning about business,
making payments, receiving training and advice
http://www.flickr.com/photos/popkiss/2021036225/
freedom
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The money she earns helps her to provide nutritious food for her family, better health care, education and
housing improvements.
impact
http://www.flickr.com/photos/backpackphotography/2317256629/
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She is encouraged to become an agent of transformation in her community, to help combat poor sanitation & violence
http://www.flickr.com/photos/watchblog/2658811520/
stronger
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Six months later she has paid off her small loan, and she qualifies for another, bigger loan. The whole cycle takes two
years.
empowered
http://www.flickr.com/photos/grrrl/120006105/
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Once her loan is repaid, the money is recycled to a fund a new
loan for a new, poor entrepreneur
REinvest
http://www.flickr.com/photos/backpackphotography
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You can help finance a Trust Bank in the Philippinesby making a tax deductible donation of $2 or more
http://wonderwebby.chipin.com@wonderwebby
Women’s Opportunity, Opportunity International Australia
the real face