Every day that we show up to work at Clearbridge, we show up to make a difference by empowering people to do their best work by leveraging the right technology in the best ways possible. This is the impact that we strive to make in businesses in our part of the world.
But we aspire to impact more than just our part of the world, which is why we started One-To-Many.
One-To-Many is our impact on creating and financially supporting entrepreneurial opportunities in the developing world in an effort to end global poverty. We will be able to do so through the act of microlending, thanks to our partnership with Opportunity International Canada.
One-To-Many because we’re but one company creating an impact to many through the creation of new businesses, new jobs, and empowering those who otherwise live on less than $1.90 per day.
Microlending is based on the old adage of “give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”. Along with training, mentorship, and other financial tools, those living in poverty are given the opportunity to borrow funds to start a business. (This video best explains how micro-lending works and how it differs from traditional charity work.)
The average first loan amount is ~$250 and we’ve kickstarted One-To-Many with an initial commitment of $48,000 over 3 years. With a repayment rate of 97%, and a typical loan term of 4-months, our initial $48,000 contribution will be re-lent as many as 9 times over the next 3-years levering $48,000 into over $400,000 in loans.
Business loans help people like Doris to purchase her first sewing machine so she can produce and sell products (who later also started a cabinet shop) or Sandra who started a store with her husband and then went on to open up a restaurant which now employs others in her community.
Are you already working with us? If so, we have good news: you’re already helping! If you’re not working with us – or if you’d like to do even more – click the Donate button below!