My love for kids was the reason I sought help from Microfund for Women to open my kindergarten. Thanks to God first and their support, my business is growing to more success.
- > 140,685 active borrowers
- >95.80% of active borrowers are women
- Total amount of loans disbursed is > 25,946,773.
- Repayment rate is >94.46%
- > 30,441 loans
- > 31 international and local awards
- > 63 branches
- > 745 employees
- > 73.15% of employees are women
Faten suffered a great deal as a single mother. Her husband divorced her while still pregnant with her daughter and left her to carry the responsibility of a newborn baby girl by herself. She went back to live with her family who stood by her and helped her through this when her brother caringly suggested that she starts her own project to support herself and her daughter, be independent and pass the time doing something useful.
Faten liked the idea and turned to MFW for help and guidance, and she received a loan to finance the purchase of merchandise and opened a European outlet. She succeeded in improving her financial situation, which reflected well on her and her daughter, to whom she dedicated her life.
Faten’s life was not easy at all; on top of the challenging financial situation, she suffered from the social stigma of being a working divorced woman, however, she faced those challenges with grace, persistence and strong will, using them as motivation to succeed, and she did manage to improve her overall financial, emotional and social situation.
About her experience with MFW, Faten said: “The company is exceptional, they work hard to meet their beneficiaries’ needs and support them with loans that cover different segments.” Encouraging the women around her, Faten added: “A woman should work in anything she is good at, there is no difference between her and a man; she has the abilities and she can.”