People who are poor do not get the chance to improve their quality of life primarily because they do not have money. They want to work but they are often looked down by their higher counterparts. Moreover, commercial banks also refuse to help them with loans and other financial options as they do not have the collateral security to offer them. The result is that they need to remain poor for life. Their children do not get the chance to get a decent education and gradually they can never break the vicious cycle of poverty.
Overcoming poverty with the support of caring professionals
The Joe Johnson Mercy Foundation in the USA is a non-profit organization that helps poor people alleviate poverty. The professionals here grant them micro finance loans so that they can expand their occupation or start a small business if they want. The main mission of the Foundation is to help people overcome the conditions of poverty and live a life of dignity. The Foundation does not rely on the donations of third party organizations, it has the ability to sustain itself. Moreover, the Foundation also helps the poor people to educate their families so that they do not have to live with the woes of poverty forever.
Understanding the power of micro finance to eradicate poverty
The power of micro finance has the power to transform the fate of a family and make it self-sufficient for the years to come. These small loans can be put into good use and they have the ability to reap benefits in the near future. Micro finance is considered to be a boon to poor families and this is why the concept is very popular in under-developed and developing nations today. The experts of the Foundation educate and make families aware of the benefits of these micro finance loans so that they can embrace them with confidence and no fears.
Making people financially independent
The Foundation says that over the past few years, it has helped many poor families become financially independent. The micro finance loans are easy for these families to pay off. Moreover, with the passage of time, these families are able to send their children to school. The dreams of education have been unfulfilled for previous generations who barely had means to survive. They had to leave education or not go to school at all because they had no money and food to eat. The Foundation says that even if one child in an impoverished family is educated, the family can put an end to the never-ending cycle of poverty.
The Joe Johnson Mercy Foundation is doing a commendable job not only in the USA but across the globe as well. The expert team of dedicated professionals are traveling to different parts of the globe and helping poor families alleviate poverty and become financially independent. The team here is dedicated and they have proven track records when it comes to helping families forget the woes of poverty and start dreaming of a bright future not only for themselves but their children as well.