YCAB Ventures runs mission driven Microfinance operations, targeted towards women entrepreneurs in low income families. The program is called mission driven Microfinance because not only that it gives opportunities and access to capital for these women, it also emphasizes that child education is a pre-requisite for these women to be qualified to receive loans in the first place. In addition, income surplus from this program is contributed back to help fund the YCAB Foundation’s education program activities.
This aligns with YCAB Social Enterprise mission to provide youth empowerment and development. Below are points that make us unique compared to other microfinance operations. By expanding our mission driven Microfinance program, we hope to further improve opportunities provided for the mothers and youth of low-income families as well as communities in areas where our operation is present.
- To provide economic opportunities to low income mothers as an incentive to support their school-aged children to stay in school.
- To support YCAB’s mission by making their children’s education as the precondition of the loan and by giving almost 100% of the funds generated from this activity to support our educational programs.