WHAT WE DO
sparkles.lu uses your donations to finance concrete entrepreneurial projects using microfinance.
Empowering women to support themselves, their families and their communities.
Microfinance is a mechanism that allows low-income individuals or people who cannot access traditional banking services to receive financing for their projects. sparkles.lu uses a microfinance platform to reach out to local microfinance institutions – called field partners – that are in contact with the beneficiaries. Field partners transfer the funds to the beneficiaries in local currency and provide them with other financial services such as training on savings insurance etc. Once sparkles.lu receives the reimbursements of the loans it re-invests them into new projects creating a virtuous circle.
Women entrepreneurs are an important driver of economic growth and of poverty reduction. Not only do they reinvest their profits in the local economy they may also support other women in their community lifting them out of poverty,"