The primary objective of Adelante and of microfinance is to help people help themselves. Microfinance is not charity. It is a long term sustainable approach to poverty alleviation as opposed to a one-time gift. If you give her a fish, you feed her for a day. If you teach her how to fish, you feed her for life. This is the basic idea of microfinance.
Microfinance empowers individuals to make positive changes in their lives. Micro-entrepreneurs develop a sense of personal ownership towards the goals that they are able to accomplish thanks to the success of their micro-businesses. Empowerment has a ripple effect: one woman inspires others with the confidence to transform their lives though microloans, and a mother’s success gives her children a new outlook on life, thus breaking the intergenerational cycle of poverty.
Microfinance impacts future generations, especially when women are targeted. When a woman earns more income, her children eat better, visit the doctor more often, enjoy improved living conditions, and receive more education. The impact of microfinance reaches the entire household through just one borrower. Above all, raising a child’s level of education opens up future opportunities and contributes to a healthier society.