Lavalon microfinance loans

On July 17, 2011, in Featured, by Jason Mckerra

The Mjimwema Group seek finance to buy materials and lining to sew dresses for sale.

The Mjimwema Group seek finance to buy materials and lining to sew dresses for sale

17 July 2011: The Republic of Lavalon today made two loans through microfinance charity Kiva. The Republic of Lavalon wishes the Serenidad Group of Paraguay and the Mjimwema Group of Tanzania good fortune in their new business endeavours.

Lavalon’s commitment to international development now accounts for 6.5% of the Republic’s budget. In two years of supporting micro credit loans, the Republic of Lavalon has never had a creditor default on a loan.

We actively target groups of women with our loan activity, as part of our desire to address gender inequality. 100% of loan recipients supported by the Republic of Lavalon have been women. 66% of our loans have gone to women in South America, and 33% to women in Africa. This is consistent with our stated policy of targeting support to those areas of the world affected by the legacy of European colonialism and US imperialism.

The Republic of Lavalon calls on all micronations and like entities to support the UN Millenium Development Goals, and in particular the target of dedicating 0.07% of GDP to international development assistance.

 

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