Longitude Finance is micro-lender (non-deposit taking financial institution); which supports small businesses with small business loans with social and economic impact objective to primarily create jobs, hence alleviate poverty here in Kenya, East Africa and soon rest of Africa. We focus on youth and women; who are financially excluded ie can not obtain loans in conventional commercial banks and other financial institutions. We offer FREE business management training and capacity bulding to the small businesses; such that they may remain sustainable and to ensure they do NOT fail.
This campaign here is to raise 'Longitude Fund' which we will then on-lend to the small businesses. We are happy to receive donations or investment funding for a return; and we will transparently utilize the funds; be accountable as appropriate. We have served over 500 small businesses with small average loans of $1000/= each impacting on over 2000 individuals. With additional funding we expect these number to rise to over 100,000 people within one year.