Community Impact

Borrowers Served: 772
Loans Given: 4780
Amount Loaned: $13,820,524
Repayment Rate: 99.84% (Since Jan. 2015)

Client’s Annual Income increased an average of $13,026.00
Goal by 2028: 900 Borrowers!

Success Stories

Meet Lorena

Lorena Lizarraga is a fiercely dedicated business women and single mother of two, who sells natural health product in Des Moines. Lorena was struggling financially to support herself and her children just with housekeeping job.  She says, “When I joined I had absolutely no credit. Solidarity helped me build my credit and well connection with the bank that has given me so many benefits. My savings and credit score right now are good.”

“Now I have created a future for my children. I can say that my financial situation has changed extremely and Solidarity Microfinance has changed my life completely.” Lorena Lizarraga

Meet Diana

Diana Rivera joined Solidarity in 2015 with 3 friends, who each started their own small businesses. Hers was selling food. Now she has a food truck and a snack bar. “My family and I have been able to get ahead. With the loans I’ve received, I’ve been able to grow and improve my business.”

Meet Shahrzad

Shahrzad Hamid began selling traditional African food on weekends. Her cooking quickly became popular so she started thinking of how to expand her business. After receiving two Solidarity loans and growing her food business, Shahrzad used her third loan to invest in a clothing business. She now imports traditional African clothing from Sudan to sell in her community. “Before Solidarity, I was working long hours and I dreamed of having a better life. Now I interact with my community and provide them with reminders of their Sudanese heritage. The work is hard, but it’s very rewarding to be independent.”