To be poor is to be hungry, to lack shelter and clothing, to be sick and not cared for, to be illiterate and not schooled. Nearly one half of the world’s population (3 billion people) live on less than $2.00 per day. Up to 50% of the children under age 5 are malnourished as contrasted to developing countries where 5% are malnourished. Economic conditions, oppressive governments, social unrest, lack of business training, opportunity and access to capital have denied parents worldwide the opportunity to be self supporting.
“CHARITY IS INJURIOUS UNLESS IT HELPS THE RECIPIENT TO BECOME INDEPENDENT OF IT" -John D. Rockefeller. Jr.
PROVIDENCE MEANS BUSINESS
A Stewardship Multiplier to Alleviate Poverty,
One Family and One Business at a Time
Creative stewardship and free enterprise characterize PROVIDENCE International’s program for addressing the needs of the poor. Consider this as one example of our micro-enterprise impact:
- Each dollar is multiplied from 2 to 4 times through matching funds provided by foundations and partner implementing agencies.
- PROVIDENCE makes grants to partner agencies to create revolving loan funds that continue to recycle to serve more new families and businesses each year. The average pay back is 97%.
- One hundred percent of donor family sponsorship contributions go to program services and projects. Other grants and assets meet PROVIDENCE’s and its LLO's modest fund-raising and administrative costs.
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