May 2015 eNews - Happy Mother's Day
Dear Power of Love friend,
We are celebrating women everywhere by adding 50 new women to Power of Love's microloans program. Last week, all 50 newcomers completed the first requirements to qualify for a loan: a week-long business training session plus a completed business plan.
Today, the women are preparing to launch their businesses by purchasing supplies and raw materials, procuring shelf or store space, and developing a customer-base. The money the women earn from these businesses will help pay for food, clothing and school expenses for their children and grandchildren.
With the addition of these 50 new entrepreneurs, we will now have 275 women running moderately successful businesses. Over the past several years, repayment rates for loans have been between 90-95%, and we expect that trend to continue with these new loans.
Please donate generously to help Power of Love support and empower these women. A single donation of $50.00 will provide business training, and $150 will provide a new loan. And as always, 100% of your donations go towards POL programs and no part is used for overheads.
Happy Mother's Day,
Your friends at the Power of Love Foundation