We are a non-profit organization providing small business loans, financial literacy training, support and savings services to small business owners in Vanuatu.
Microfinance has become a common practice throughout the world as a tool for reducing poverty and providing low-income individuals with access to financial services.
Under the VANWODS peer-lending model, borrowers form groups of 5 with trusted individuals in their community. Each borrower receives their own loan to start their own business. Groups meet weekly to make a small repayment on their loan, contribute a small amount to their savings account and provide supportive information as well as weekly mentoring to support each other. Our loans are 5-month loans with the opportunity for borrowers to apply for higher loan amounts after continuous and successful participation in the program.