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.
SALT Clients
%
Loan Repayment Rate
SALT uses four unique teaching models
Microloan Program
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
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.
Agri-Plus Program
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.
Vocational Schools
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
SALT Microfinance Solutions
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
Savings Groups Starting in Ukraine
Sasha, a member of a recently established SALT savings group in Ukraine, listened intently to the Bible-based teaching at a SALT meeting. He always thought the small amount of money he earned wasn’t worth saving. “But as I listened intently about the need for...
read more
Needy Farmers Utilize Their Greatest Resource
Thousands of acres of farmland lie underutilized across Ghana, Haiti, and Cambodia. If used to its full potential, this land could provide food and income for desperately needy families. Our goal for the SALT Agri-Plus program is to work together and learn with local...
read more
Cambodians Being Reached for God’s Kingdom
The SALT Microfinance Program is a huge blessing for the Khmer people in Cambodia. Most of these village people have very low incomes and live hand to mouth. The children grow up with no training about saving money for future, unexpected needs.
read more
MARIBEL GRENADOS FROM Waslala, Nicaragua, says the SALT Microloan program has helped her family slowly progress upward. As is true for anyone climbing out of the cycle of chronic poverty, progress is slow and steps toward sustainability are small.
MARIBEL GRENADOS FROM Waslala, Nicaragua, says the SALT Microloan program has helped her family slowly progress upward. As is true for anyone climbing out of the cycle of chronic poverty, progress is slow and steps toward sustainability are small.
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.
Download the most recent newsletter here (PDF) >>
(Right-click and Save As... to download)
How can you help?
Donations
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!
