Microfinancing Partners in Africa
Microfinancing Partners in Africa
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About this organization
Mission
By providing grants for the strengthening and expansion of microfinancing programs in Africa, MPA empowers those living in extreme poverty to lift themselves up with dignity through access to services and education.
About
Kenya Jamii Bora Project is a microfinancing cooperative with over 10,000 members. The keys to success are that members select their own group of five, start with saving even a small amount, participate in weekly meetings to discuss their loans, and support each other as they successfully pay back the loans. As members pay back the loans, which have a fixed interest rate and payback period, they become eligible for larger loans to start and support their income generating activities. Jamii Bora offers health, life, and disaster insurance coverages, a sobriety program, business skills training, education, and second language classes for English and Swahili. Microfinancing Partners provides grants to support the modest salaries of the Tumaini, social workers who reach out to those program participants in the greatest need. MPA provides grants to support the sobriety program, grants to capitalize more small loans for those in the Tumaini program as well as disaster recovery loans.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Microfinancing partners in africa (mpa) provides grants for the strengthening and expansion of microfinancing programs in africa to empower those living in extreme poverty to lift themselves up with dignity through access to financial services and education.”.
When detailing its functions, they were listed as: “Microfinancing partners in africa (mpa) provides grants for the strengthening and expansion of microfinancing programs in africa, to empower those living in extreme poverty to lift themselves up with dignity through access to financial services and education.”.
- According to the law, the state where the non-profit operates has been reported as MO.
- The filing specifies that the non-profit's address in 2020 was 4949 COLUMBIA AVENUE, ST LOUIS, MO, 631391013.
- As of 2020, the non-profit's form shows they have a total of 8 employees.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $41,769.
- The organization has 13 independent voting members.
- The organization was formed in 2006.
- The organization pays $138,026 in salary, compensation, and benefits to its employees.
- The organization pays $93,699 in fundraising expenses.