Kubaru Starts New Microfinance Partnership with Action Grace Divine
Microfinance Focus Europe, 28 August 2013: The UK microfinance charity Kubaru recently unveiled its plans to partner with Burkina Faso lender Action Grace Divine. Similar to Kiva, the Kubaru website allows small charitable loans to be given online to individuals at the donor's choosing. Microloans start at £10 and target damaged regions affected by natural disasters.
Donors in the UK can currently choose between two locations: the Philippines and Burkina Faso. In the Philippines, the small loans are used to repair damage done by frequent typhoons. Funds collected for Burkina Faso ameliorate continual damage from the West African floods in 2009, as well as the Sahel-wide food crisis.
Action Grace Divine was founded in 2009 in Ouagadougou. ADG offers microloans in the amounts of £200-2000 and currently services approximately 900 borrowers. In the past three years, AGD has serviced over 3,800 individuals. Its partnership with Kubaru is one step in ADG's efforts to expand their services and outreach.
