Microcredit Enterprises's, a 501(c)(3) public charity with an Internal Revenue Service approval letter,  objective is to help thousands of the most impoverished rural poor in developing countries to build cottage businesses—and ultimately provide food security for millions. The unique Guarantor model of MicroCredit Enterprises utilizes the financial capital and good credit of high net worth individuals and institutions to guarantee micro loans that lead to sustainable communities and social good.

MicroCredit Enterprises now has over 40 Guarantors backing 42 loans to a portfolio of local finance organizations, providing food security for hundreds of thousands of women and children.

We consider it our mission to be committed to reducing poverty by  mobilizing private investment capital to finance micro-businesses of poor families throughout the developing world.  MicroCredit Enterprises gears its entrepreneurial  results to produce jobs, sustain micro-businesses and improve human lives. Our organization is almost entirely composed of pro bono executives, and we maintain a “virtual” operation without traditional “brick and mortar” overhead costs. This allows MicroCredit Enterprises to keep its overhead extraordinarily low.

MCE’s total outstanding loans to MFIs are projected to reach $21 million by the end of 2011

Permanent Fund to Alleviate Extreme Poverty:
MCE manages the Permanent Fund to Alleviate Extreme Poverty, which accepts donations and grants to fund loans to MFIs, with a special emphasis on providing loans to MFIs in Sub-Saharan Africa. The Permanent Fund is projected to total over $950,000 by the end of 2011.

Hunter Douglas Endowment for Microfinance Sustainability:
MicroCredit Enterprises has established the Hunter Douglas Endowment for Microfinance Sustainability, which is currently funded at $1 million. Operationally, this fund serves as a liquidity account or bridge financing to respond to unexpected financial emergencies in the MicroCredit Enterprises overseas loan portfolio.

 

 

Where We Work:

MicroCredit Enterprises is currently guaranteeing loans distributed across four continents in the following 19 countries:

 

Africa-	Southest Asia-	Eastern Europe and Central Asia-	Latin America-
Nigeria	Cambodia	Armenia	Bolivia
Mozambique	Indonesia	Azerbaijan	Colombia
Sierra Leone	Vietnam	Georgia	Ecuador
		Kazakhstan	Honduras
		Kyrgyzstan	Mexico
		Tajikistan	Nicaragua
			Peru