TCP Global works collaboratively though trust relationships Builds zero-overhead, sustainable loan programs Enables local solutions to local problems
Provides the small loans needed by micro-businesses Dual mission provides affordable loans AND strengthens grassroots NGOs
For 20+ years, Jocelyn Farrington has worked to help Babangata, Niger, her Peace Corps site. In 2017 she introduced TCP Global
micro-loans.
Loans of $28 enable women to grow extra peanuts beyond what their families consume. The 270 loans to date were all repaid in full.
For 25+ years, SONCOL has served La Victoria, Colombia. They added micro-loans in 2011 and have a 99.7% payment rate on 518 loans (avg. $244). SONCOL is ready to graduate.
Kabuchi in Zambia has no overhead. They can recycle the $1500 sent in January, 2020 so they are already sustainable - but we'll send more $$ when they are ready.
When COVID ended the tourism that supported their snack shops, SBS in Nepal offered training and loans to the women to raise goats.
With 30,000 Uganda Shillings from the village savings and loan group Arafa had 1000 in daily profit. A larger loan from TCP Global increased earnings to 5000 per day -- enough to feed her children and pay school fees.
This grocery store in Peru and Rose's beauty shop in Uganda may someday qualify for bank loans. TCP Global helps them build their businesses in the meantime.
Entrepreneurs who cannot access formal banking services typically borrow from daily lenders who charge up to 10% per day.
With TCP Global's affordable loans they realize a profit and build a credit history to help them enter the formal economy.
This borrower in Suan, Colombia makes Suero, a type of sour cream.
Thanks to a series of loans, she expanded her business and now has customers over an hour away in Barranquilla.
"Micro-credit has shown how you can reach out to people that conventional banking cannot. It has demonstrated that it's a doable proposition." Muhammad Yunus
How you can support TCP Global:
1) Connect us with potential loan partners in marginalized communities
2) Forward this notice to others
3) Volunteer to mentor a loan program in a country you know well
