Micro-Finance Opportunity (MFO)

Microfinance opportunities provides financial services, such as small loans, savings accounts, and insurance, to disadvantage communities. These opportunities arise from the need to empower low-income individuals and small businesses that lack access to traditional banking systems, enabling them to improve their economic situations and contribute to local development.

Space to Share Foundation provides microfinance support using a “Susu Savings” concept, encouraging individuals or organisations to gradually set aside funds from their profits, if possible, and then provide seed money later on to someone in need to launch their own small business. This concept will demonstrate members the importance of savings and getting credits to support their enterprises.

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Key Aspects of Microfinance Opportunities

Target Market

We focus on low-income individuals, women, and small entrepreneurs who typically lack collateral and credit history.

Financial Products

Offer a range of products, including microloans, savings accounts, and insurance tailored to the needs of the target market.

Social Impact

Emphasize the potential for social change, such as poverty alleviation, job creation and improved living standards.

Sustainability

Develop a sustainable business model that balances social goals with financial viability, ensuring and long-term success.

Technology Utilization

Leverage technology, such as mobile banking and digital platforms, to enhance access and reduce operational costs.