SALT Microfinance Solutions
SALT is an acronym for Shared Accountability, Lending, and Teaching. This CAM program reaches out to impoverished people through microloans, savings groups, and agricultural programs. Our goal is to walk alongside clients, helping them use the resources God has placed in their care and teaching them the importance of following Jesus in everyday life.
Your SALT contributions are making a difference!
Check out our microfinance dashboard to see the impact your contributions are making through microloans and savings groups. SALT is operating in Haiti, Nicaragua, Ghana, Honduras, Cambodia, Bangladesh, Nigeria, and Uganda.
Loan Repayment Rate
SALT uses four unique teaching models
Many people in developing countries want to provide for themselves, but they lack start-up capital. The microloan program takes funding from the United States and issues small loans for clients to start or expand small businesses. Clients then repay the loans as their income increases. In this way, donations are recycled to help someone else.
Savings Groups simply provide structure and teaching that helps a community work together to save money so clients can take out small loans. SALT savings groups help the poor to become the solution to their own financial problems. Savings groups provide structure and teaching to help clients work together to save money. As savings accumulate, clients can take out small loans to start or expand businesses or to help provide for their needs during hard times. More importantly, the ongoing Bible-based teaching has a profound impact on group members. In some of the places where SALT operates, people are hearing the Gospel for the first time at savings group meetings.
The Agri-Plus approach helps farmers identify their resources and implement sustainable farming practices. Many farmers in developing countries struggle with agricultural development. While most of them have adequate resources to improve their farming practices, they often lack the necessary training to make progress.
Our goal for SALT vocational schools is to help people in underdeveloped countries develop useful, practical skills. Utilizing these skills will help people work their way out of poverty, contribute to the needs of their communities, and employ others who may not have business ownership skills.
Our first vocational school opened in Ghana in September 2016. This school focuses on auto mechanics. Initially, three students were enrolled, but the count quickly grew to five. Each day begins with a Biblical lesson, followed by a technical lesson. The students spend the rest of the day putting to practice what they have learned through hands-on mechanic work.
SALT uses three unique teaching models
The Microloan program uses funding from donors to issue small loans to start or expand businesses. Savings Groups simply provide structure and teaching that helps a community work together to save money so clients can take out small loans. The Agri-Plus approach helps farmers identify their resources and implement sustainable farming practices.
Countries where Savings Groups operate
Move cursor across countries for savings group information. Numbers reflect a 3-month average.
Average member equity
Value of accumulated savings per member, including growth from loans and/or investments.
SALT updates and stories
Many Haitians thought they couldn’t save money. That is, until they applied the practical teaching from SALT microloan meetings. Now, the realization that they are able to save is giving Haitians hope for the future. This hope gets them out of bed in the morning and...read more
George, a SALT microloan client and poultry farmer in Ghana, specializes in egg production. When some SALT staff members attended a microloan meeting in his village in rural Ghana, he led them up a hill to where he has his barns. One barn had about 500 laying hens...read more
Many parents across the globe are driven by a dream and hope to give their children more opportunities than they had themselves. But for more than 700 million people in the world who live on an income of less than $2 a day, it’s hard to accomplish that dream. Amolik...read more
Shohel and Taslima* from Bangladesh owned almost nothing. They had no land to grow crops. Their house was barely big enough to sleep in. And Shohel struggled to find a steady job, making it nearly impossible to support the family. When Taslima heard about the SALT...read more
Sign up to receive our free print newsletter
Stay informed with our quarterly SALT Microfinance update. This free newsletter includes client stories, program statistics, and new program developments.
You can also request a presentation using the “SALT Presentation” form below.
How can you help?
If you wish to help promote sustainability in developing countries through microloans, savings groups, agricultural programs, and Christ centered teaching, use the contribution form below.
Thank you for your support!