Overview
What is Union Microfinanza Inc?
Union Microfinanza Inc, operating under the name Aldea Development, is a nonprofit organization situated in Grand Haven, Michigan. The primary focus of this organization is to uplift impoverished rural communities in Honduras, specifically in 32 villages. They achieve this mission through a unique microfinance program, extending loans to small-yield farmers who often lack credit history or collateral. Alongside financial assistance, Union Microfinanza offers physical inputs like fertilizer and tools to boost their agricultural capabilities. To ensure the farmers' success, the organization holds regular meetings to discuss loan payments and program updates, while also purchasing high-quality coffee directly from them. Union Microfinanza further encourages improved farming and processing techniques through training sessions, and has constructed a coffee processing facility for local farmers. The nonprofit's dedication to innovation and research is evident in its mission to enhance the living conditions of these communities.
Official website here: www.aldeadevelopment.org
What do the Facebook reviews say about Union Microfinanza Inc?
While Union Microfinanza Inc currently has no ratings due to a limited number of reviews, there is a positive sentiment expressed in the feedback available. One user highlighted the idea of using a Facebook fundraiser for birthdays, suggesting that friends consider donating to Aldea Development, which indicates a level of trust and support for the cause.
This light suggestion reflects an awareness of the nonprofit’s impact within the community, encouraging others to contribute through personal celebrations. Overall, although reviews are sparse, the existing comments suggest a favorable view of the organization and its mission.
This AI summary has been generated from reviews found on Facebook.
Is Union Microfinanza Inc legitimate?
Union Microfinanza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Microfinanza Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,271
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,254
For more financial information, click here
Official website here: www.aldeadevelopment.org
What is the mission statement of Union Microfinanza Inc?
Union Microfinanza Inc's mission is centered around enhancing the living conditions of impoverished rural communities. The organization achieves this by embracing innovation and conducting thorough research. Their primary activity involves operating a microfinance program, extending loans to small-yield farmers in 32 impoverished villages. These farmers, often without a credit history or collateral, benefit from essential agricultural resources such as fertilizers and tools. Regular meetings are held for loan updates and payments, fostering accountability and community engagement. Union Microfinanza Inc also purchases coffee directly from these farmers, encouraging high-quality production through training sessions on farming and processing techniques. Furthermore, the organization has constructed a coffee processing facility, offering local small-scale farmers an opportunity to improve their revenue stream by processing their coffee on-site.
Official website here: www.aldeadevelopment.org
Who is the CEO of Union Microfinanza Inc?
Charles Heins is the President of Union Microfinanza Inc.
Official website here: www.aldeadevelopment.org
What is the revenue of Union Microfinanza Inc?
Union Microfinanza Inc's revenue in 2023 was $94,827.
Official website here: www.aldeadevelopment.org
Who are the executives of Union Microfinanza Inc and what are their salaries?
The average compensation at Union Microfinanza Inc during 2023 was $5,508. There are 3 employees and 10 volunteers at Union Microfinanza Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $6,910
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.aldeadevelopment.org
Where can I find the form 990 for Union Microfinanza Inc?
Union Microfinanza Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aldeadevelopment.org
Learn more at the official website: www.aldeadevelopment.org
Mission Statement of Union Microfinanza Inc
Union Microfinanza Inc is committed to enhancing the living conditions of impoverished rural communities through innovative approaches and research. Their mission is twofold: firstly, they aim to assist poor small-yield farmers by providing them with necessary resources such as fertilizers and field tools. This is done without requiring a credit history or collateral, thereby extending opportunities to those often overlooked by traditional financial institutions.
Secondly, Union Microfinanza Inc is involved in the coffee industry. They purchase coffee directly from the farmers they assist, encouraging them to produce high-quality coffee. They accomplish this by conducting training sessions on farming and processing techniques. Furthermore, they have constructed a coffee processing facility that is available to local small-scale coffee farmers. This not only benefits the farmers by allowing them to sell their coffee processed, but also ensures the production of better quality coffee. In essence, Union Microfinanza Inc is working towards improving the livelihoods of rural communities in a sustainable and innovative manner, focusing on agriculture and the coffee industry.
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Impact
October, 2024
Union Microfinanza Inc significantly enhances the livelihoods of impoverished rural communities in Honduras through its targeted microfinance program. Operating in 32 villages, it provides crucial support to small-yield farmers by offering loans without requiring collateral or credit history. This access to financing enables farmers to acquire essential physical inputs like fertilizer and tools, which can dramatically boost their agricultural productivity.
By facilitating regular payment and program update meetings every two weeks, the organization fosters a community of accountability and support among its clients. Additionally, Union Microfinanza Inc takes a hands-on approach by purchasing coffee directly from these farmers, ensuring they receive fair compensation for their crops. The organization promotes high-quality coffee production by conducting training sessions on advanced farming and processing techniques.
Furthermore, the construction of a coffee processing facility provides an invaluable resource for local farmers who would otherwise have to sell their coffee unprocessed. This empowerment not only strengthens the agricultural capacity of individual farmers but also contributes to the overall economic development of the region, leading to a more sustainable and self-sufficient future for these communities.
This information is meant to be a general summary of Union Microfinanza Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,322
- Program Service Revenue: $2,300
- Gross Receipts: $320,786
Assets and Liabilities:
- Total Assets: $398,295
- Total Liabilities: $154,493
- Net Assets: $243,802
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Projects
Revenue
$2,300
Organization Details
Founding Year
2009
Phone
(321) 727-2120Principal Officer
Charles Heins
Main Address
PO Box 425, Grand Haven, MI, 49417
Website
www.aldeadevelopment.orgNTEE Category
Code: Q32 - International
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