Nancy Swanson, Executive Director of Linked Foundation, talks about microfinance and shares the Dorothy Largay family foundation’s success in the fight to alleviate poverty in Latin America. Linked Foundation’s goal is to advance the development of holistic approaches that combine micro-finance with health education and services targeted to poor women in Latin America. As quoted on the Linked Foundation website, women have the power to change the world.
Nancy explains that women are a crucial ingredient in the fight against extreme poverty because women place their focus on improving the lives of their family and community. However, due to this focus, they often neglect their own health.
Linked Foundation has invested in partnership with well-researched micro finance institutions to not only provide micro-loans but to also take the opportunity to provide additional educational and health services. A woman who comes to pay her loan can walk to another portion of the same building to receive these valuable services. Pro Mujer is one of several Linked well-respected partners. For those who are interested in participating in micro-lending, the list of Linked Foundation partners is a good place to start your investigations.
The Foundation sees their philanthropic investments as “risk capital” directed towards initiatives that address a high need and have the potential for high social impact. The next phase for Linked Foundation is to work in partnership with The Eleos Foundation to fund for-profit initiatives that fight poverty while providing health and other educational services for the community. (Listen to past interviews with Andy Lower, Executive Director for The Eleos Foundation:
Listen to the interview completely to learn more about the importance to thoroughly research micro-lending organizations to assure best business practices by the Micro-Finance organization and that your specific goals are addressed well by the Micro-Finance Partner (MFP).