Providing Microloans to Empower Women Across the Globe
Our Mission at BIA skin is to support and uplift women. Part of that is encouraging women to get comfortable in their own skin and celebrating the beauty that lies in our differences. But our mission goes beyond just skin deep. Each month we are contributing towards micro-loans for women all around the world who don’t have access to traditional banking systems. These loans empower women to create a better life for themselves and their families, each month we’re proud to share their stories with our audience. All loan repayments are then re-invested into new loans – we have an over 95% repayment rate!
1.7 billion people around the world are unbanked and can’t access the financial services they need that can help them grow their business, get an education, improve their farm… the list goes on. Microloans provide access to credit and as borrowers and lenders we’re all a part of a single, global community where everyone has the opportunity to build a life of dignity. Our decision to fund microloans was inspired by the book “The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World” the author Jacqueline Novogratz has decades of experience working within developing nations using entrepreneurial approaches to address global poverty. She is also the Founder and CEO of Acumen, a non-profit global venture capital fund that provides investment to entrepreneurs bringing sustainable solutions to big problems of poverty. Through Acumen is where I came across an organization they support, Kiva.
Kiva works with partners across to world to bring financial services to even the most rural areas. Supporting entrepreneurial ventures creates systems of positive socio-economic impact that can last for generations. People around the world no matter their circumstances want to create their own future over the dependence that too often comes with traditional forms of charity.
To learn more I highly suggest reading the book: The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World