Project: Cambodia

Five of our staff traveled to Cambodia earlier this year in support of our partnership with an MFI working in the area.

Microfinance for macro benefit.

Empirical evidence has shown that the poor who have access to microfinance have been able to improve their well-being – both at the individual and household level. Individuals with access to MFIs have shown an average increase in income from ~50%-150%, propelling them over the poverty line. Comprehensive impact studies have shown that these gains made by microfinance participants are sustainable – not only does it allow them to build successful ventures, but also acquire valuable business skills.

As a result, Empowering Entrepreneurs (EE) was created in 2008 with a dual-mission:
• To effect positive change in developing countries by working with Microfinance Institutions (MFIs) to address their strategic and operational issues
• To provide opportunities to Canadian business students to tackle real-world social problems.