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Unleash
Entrepreneurship
Lift communities out of poverty, one business at a time
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Unleash
Entrepreneurship
Lift communities out of poverty, one business at a time
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IMPORTANT MESSAGE ABOUT MEDA TRUSTDear MEDA Trust supporters, Thank you for helping the working poor in Afghanistan and Nicaragua find new roads out of poverty through your sponsorship of microloans. The creation of MEDA Trust in 2006 provided us a great opportunity to offer supporters like you a chance to become closer to MEDA clients. When we designed MEDA Trust, we wanted to help you engage friends, colleagues and family members – to pass along your faith, values and concern for the poor to your children and grandchildren. Three years ago, we embarked on the Afghanistan Challenge, where donations to our microfinance work in Afghanistan were matched dollar for dollar by the Government of Canada. You may have noticed that we no longer offer Afghan loans on MEDA Trust. That’s because – thanks to your support – we have met our goal to provide loan capital for microfinance in Afghanistan. That work continues through a group of microfinance banks with which MEDA remains closely connected. With our commitment in Afghanistan now fulfilled, we had an opportunity to review the feasibility of our MEDA Trust initiative, and have decided to dismantle MEDA Trust effective March 31. Until March 31, you can still visit MEDA Trust to view loans, make new loans to Nicaragua and track repayments. Your donations to date will continue to be used by our partner microfinance institutions to fund new loans. As the world of microfinance has grown beyond loans to offering savings and other financial services that many in the Western world take for granted, MEDA has broadened its areas of expertise to help financial institutions in developing countries meet the growing needs of their customers, ensuring they have continued access to financial services. The advent of social media is providing new and exciting ways to engage others – so stay tuned for more information on our changing online landscape! Again, thank you for your continuing support, and your commitment to creating business solutions to poverty. Allan Sauder |
How it works |
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  The MEDA Trust web site is an exciting opportunity for you to help women and men around the world who, although trapped in poverty, are committed to working hard to create a new life for themselves and their families.When you visit the Loans page, you can browse through a number of different loans by sector (ie. Agriculture, Retail). With each donation used to fund a loan through MEDA Trust, you are helping someone realize a brighter future.
As the loans are repaid, you will see the amount of repayment credited back into your online MEDA Trust portfolio. You can use the funds in your portfolio to invest towards another loan applicant. This is the power of microfinance loans – as one loan is repaid, another loan can be made and another small business entrepreneur benefits! When you donate to MEDA Trust you will receive an electronic tax receipt. You can watch the impact of your initial investment multiply as it is loaned, repaid and re-loaned to another loan applicant. If there is no activity in your portfolio over a two-year period, your account will be discontinued. The funds will remain invested with MEDA partner MFIs – so your donation will have an ongoing impact. |
Who is CIDA?
The Canadian International Development Agency (CIDA) is a division of the Canadian government, supporting sustainable development, reducing poverty and providing humanitarian assistance in order to promote a more secure, equitable and prosperous world. Share MEDA Trust with |
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