Compadres, Inc. is an organization of men that seeks to proactively help women throughout the world by leveraging the concepts of microlending and microfinance initially developed by Nobel Prize Winner, Dr. Muhammed Yunus, in an effort to help disadvantaged women in third world countries start businesses that will allow them to build a foundation that will grow over generations.
We seek to be what our name, Compadres, suggests: simply companions, willing to help those with less than us. We are not a political or religious organization. We simply want to find women who need and will benefit from our help...and then to gain satisfaction from the knowledge we have, if ever so slightly, done our part to help those in the world less fortunate than ourselves.
Each of our members believe that the concept of microfinance enables us to accomplish this goal by participating on a person-to-person, grassroots level that we believe can be more effective than the many government to government programs of the past.
Compadres efforts typically target women in countries without the "safety nets" we have in the U.S. which allows us to create our own direct international network of economic assistance and policy outreach.
By working within the framework of microloans and microfinance, Compadres and its members simply seek to do the right thing for a segment of our world's society that people often say needs help, but rarely get the help.
We do not believe that we can solve the world's problems, but we do believe we can lend a financial hand to those who seek to help themselves, and by helping themselves, we extend that hand to others through Compadres. We believe that we can change the world, one woman and one family at a time, through the companionship offered by our Compadres members.
Compadres, Inc., is a California Non-Profit Public Benefit corporation (Registration Number: C3075916).
Loans Through June 2011
As of June 2011, Compadres had made 726 loans, totalling over $162,675.00 . Many of the borrowers were groups, ranging from 3 to 15 members. At our current pace we expect to break the $200,000 barrier by year end 2011.
Compadres Loans By Country: Peru [14.10%] $17,254.88 | Cambodia [11.40%] $13,950.75 | Mexico [9.30%] $11,380.88 | Ecuador [8.40%] $10,279.50 | Dominican Republic [6.10%] $7,464.88 | Nicaragua [5.70%] $6,975.38 | Bolivia [4.50%] $5,506.88 | Philippines [4.50%] $5,506.88 | Senegal [4.30%] $5,262.13 | Mongolia [3.60%] $4,405.50 | Paraguay [3.20%] $3,916.00 | Uganda [2.90%] $3,548.88 | Ghana [2.70%] $3,304.13 | Nigeria [2.50%] $3,059.38 | Mali [2.30%] $2,814.63 | Togo [2.00%] $2,447.50 | El Salvador [1.60%] $1,958.00 | Samoa [1.40%] $1,713.25 | Kenya [1.40%] $1,713.25 | Viet Nam [1.40%] $1,713.25 | Sierra Leone [1.30%] $1,590.88 | Tanzania [1.10%] $1,346.13 | Colombia [0.90%] $1,101.38 | Tajikistan [0.70%] $856.63 | Kyrgyzstan [0.50%] $611.88 | Guatemala [0.50%] $611.88 | Rwanda [0.40%] $489.50 | Sri Lanka [0.40%] $489.50 | Ukraine [0.20%] $244.75 | Mozambique [0.20%] $244.75 | Indonesia [0.20%] $244.75 | Honduras [0.20%] $244.75 | Lebanon [0.20%] $244.75 | Liberia [0.20%] $244.75 | Benin [0.20%] $244.75 | Burundi [0.20%] $244.75
How it Works
Five easy steps is all it takes to change a life:
Step 1. Compadres members each donate $50 per month to Compadres, Inc. (a non-profit mutual benefit corporation). We have approximately 30 members, which makes our agggregate new money donations about $1,500 per month.
Step 2. We transfer that money (100%) to our Kiva account. ...Read more...
Location: Ibadan, Oyo State, Nigeria
Loan Use: To purchase more drinks and product to sell in her store
Loan Request: $425.00
Compadres Funded: $325.00
Fumilayo is 45 years old and married with two children. Her husband who is a mason does not have regular work.
Fumilayo has a shop where she sells drinks at retail to her customers. She requested a loan of 60,000 Nigeria...