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Here’s who we supported for #GivingTuesday. How about you?

Anyone who has been around Noonday Bread long enough knows that we’re about more than just making dough. One of our core values is Generosity and we love taking a portion of our proceeds and supporting worthy causes.

Often, that worthy cause is an entrepreneur in the developing world. We love funding micro-loans for people who are working to provide for their families despite big challenges. These loans – often as small as $100-200 – can help someone make a living, feed and clothe their families, send their kids to school, and over time change an entire neighborhood. That’s doing something good with your money.

There are many good micro-loan organizations out there. One of the pioneers of this fantastic movement is Opportunity International. They’ve been providing loans in the developing world – often to women, who have less access to legitimate funding sources and act as the social backbone of many communities – for over 40 years. They’re the gold standard in micro-lending.

Juana at her shop
Juana at her shop

This month, we helped fund a loan for Juana Acosta Ribon. Juana is a baker who gets up at 3AM every day to make her baked goods. Bread Dude automatically loves her. Our modest loan will help her expand outside of baked goods. Opportunity’s approach to micro-lending means that she will be serviced by Colombian staffers and will be in a Trust Bank, a small group of like-minded entrepreneurs who cheer each other on and guarantee each other’s loans.

The best part? Every $1 we funded will turn into $6 of value as the money is reinvested in the local economy and turned into more loans. Now that’s a gift that keeps on giving.

So how about you? Why not find an entrepreneur and help fund a loan? Juana’s loan is topped up but many others are waiting for funding.

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Loan Updates – October, 2012

Noonday Bread loves entrepreneurs who make a difference.  A few months ago, we contributed part of our profits to help fund loans to a couple of entrepreneurs in the developing world.  Then life got busy. Summer happened. And here it is, months later.

Bread Dude and The Boss wanted were curious what happened with these loans – and more important, the businesswomen behind them. Well, we recently got updates about two of those entrepreneurs.

Miladis Muniz Ibarra runs a drinks and stationary business out of her home in Colombia.  She borrowed $575 from Opportunity International’s loan team to expand her business. Like many loan recipients, Miladis started out with a much smaller loan but has shown her creditworthiness by repaying all of her previous 10 loans on time.  Click here to see more about Miladis’ plans for her business.

Faustina (aka Fausty) Adjeiwaa is a food merchant at her local market in Ghana. She borrowed $500 from a group including the Bread Team to expand her business. She has already paid that loan off, just 9 months later. Click here to find out more about Fausty and how she plans to use her earnings as she supports her community.

So here’s our deal – you keep ordering our bread, and we’ll keep funding loans for courageous entrepreneurs like Miladis and Fausty.  Who knew eating bread could do so much good?

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Subscription 7 – Another Strategic Investment

Noonday Bread has always been about more than dough.  We want to help ordinary people (starting with us!) to make a difference in the world.  By being a Bread Fan, you can get involved.  Here’s how…

In Subscription 7, we plan to get behind an organization called Opportunity International.  OI is one of the leading micro-credit providers in the world with decades of experience providing financial and leadership development services to aspiring entrepreneurs in the developing world.  In the past few years, OI has made it possible for normal folks like us to direct funds toward small loans for these courageous people.

A few facts and figures:

  • OI makes very small loans to qualified entrepreneurs.  The average first-time loan is around $125. Clients (often women) are  people who have been locked out of normal financing approaches and whose only other recourse is loan sharks.
  • OI clients gather in small groups of up to 30 called Trust Groups – these groups provide accountability and support for each other.  They ultimately guarantee the re-payment of the loans from their colleagues.
  • OI clients boast  a 95%+ re-payment rates on their loans. Bank of America, Chase, and Citigroup eat your hearts out.

Learn more at www.opportunity.org.

How can you get involved?

  • When you buy our bread, we will donate a portion of our proceeds to fund the loan for Graciela Ahumeda, who sells soup and magazines to help support her family.  At 57 years old, this is Graciela’s first micro-loan.
  • If you want to directly help Graciela, click here to make your own investment in her business.  And if we finish off Graciela’s $425 loan together, we’ll find another worthy OI client in the food business to get behind.
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More than dough – A strategic investment

Bread Fans + Neema = Opportunity

 

 

Noonday Bread has always been about more than dough.  We want to help ordinary people (starting with us!) to make a difference in the world.  By being a Bread Fan, you can get involved.  Here’s how…

In Subscription 6, we plan to get behind an organization called Opportunity International.  OI is one of the leading micro-credit providers in the world with decades of experience providing financial and leadership development services to aspiring entrepreneurs in the developing world.  In the past few years, OI has made it possible for normal folks like us to direct funds toward small loans for these courageous people.

A few facts and figures:

  • OI makes very small loans to qualified entrepreneurs.  The average first-time loan is around $125. Clients (often women) are  people who have been locked out of normal financing approaches and whose only other recourse is loan sharks.
  • OI clients gather in small groups of up to 30 called Trust Groups – these groups provide accountability and support for each other.  They ultimately guarantee the re-payment of the loans from their colleagues.
  • OI clients boast  a 95%+ re-payment rates on their loans. Bank of America, Chase, and Citigroup eat your hearts out.

Learn more at www.opportunity.org.

How can you get involved?

  • When you buy our bread, we will donate a portion of our proceeds to fund the loan for Neema Kasanda, a caterer and fish wholesaler in Tanzania.  Neema is on her third loan, so we think she’s probably a pretty good bet.
  • If you want to directly help Neema, click here to make your own investment in her business.  And if we finish off Neema’s $650 loan together, we’ll find another worthy OI client in the food business to get behind.