Microfinance
Mobility = Market Access
Since 2007, World Bicycle has partnered with a variety of local microfinance institutions in several African countries to give access to World Bicycle Relief bicycles to small entrepreneurs, households and communities. Loans typically range from 6 to 18 months and are generally paid back from increased profits earned from the added productivity of owning a World Bicycle Relief bicycle. Bikes are commonly used to transport agricultural goods to market, to bring farm equipment and supplies to rural villages, and to bring people to markets, often times across great distances from their homes.
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Cecil
Cecil received his World Bicycle Relief bike through a microfinance loan in partnership with HARMOS lenders in rural Zambia. See how his bicycle has helped him nearly double his income and cut maintenance costs compared to previous bicycles.
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Field Report
Download our microfinance field report and see The Power of Bicycles at work.
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"On the old bicycle, I couldn't carry 40 liters of milk. On this bicycle, 40 liters is like it isn't there." - Male farmer, 60 yrs
"I use the bicycle to help care for my three grandchildren who lost their parents, my son and daughter, to AIDS. I also use it to help care for two farm hands that help around the farm."
- Male farmer, 65 yrs
