Microfinance: A virtous circle
sparkles.lu is pooling your donations in order to fund micro-projects via different e-financing platforms. By financing as many projects as possible, sparkles.lu aims at empowering women to improve their future and support their emancipation through work.
Thanks to the loans, women businesses generate more revenues, their debts are being repaid and 100% of the funds are then recycled into new business micro-projects. This way, your financial contributions continue to live through new initiatives over time, creating sparkles in other women's eyes!
Okay, but what is microfinance?
Microfinance is a general term to describe financial services to low-income individuals or to those who do not have access to typical banking services. Microfinance allows individuals to lift themselves out of poverty by providing access to financial services.
Is sparkles.lu a microfinance platform?
No, sparkles.lu is not a microfinance platform. It is a non-profit organisation which pools donations collected during fun(d)raising events and uses them to finance micro-projects via e-financing platforms.