Overview
What is Pact Global Microfinance Fund?
The Pact Global Microfinance Fund is a non-profit lending organization based in Washington, D.C. It focuses on empowering impoverished and marginalized families, primarily women, in Myanmar, by providing loans and training to help them establish small businesses. The majority of these individuals reside in rural areas with limited credit options. By the end of the fiscal year, PGMF had extended loans worth $260.8 million to over 1.2 million people, supporting income-generating activities, education, and emergency needs. The organization's approach involves local partnerships and an integrated strategy to enable those living in poverty to exercise their voice, build solutions, and take ownership of their future. PGMF's mission includes facilitating access to microfinance services using a group lending methodology and stimulating small business ventures through a range of basic development support services.
Official website here: www.pactworld.org/country/pact-global-microfinanc
Is Pact Global Microfinance Fund legitimate?
Pact Global Microfinance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pact Global Microfinance Fund 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.
Here are some key statistics you may want to consider:
Executive Compensation: $277,372
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,975,643
For more financial information, click here
Official website here: www.pactworld.org/country/pact-global-microfinanc
What is the mission statement of Pact Global Microfinance Fund?
The Pact Global Microfinance Fund strives to alleviate poverty and foster sustainable livelihoods by employing a two-pronged strategy. Through this approach, they facilitate access to microfinance services for the economically disadvantaged, using a group lending methodology. Additionally, they stimulate small business ventures through various small business development support services. As a non-profit lender, Pact Global Microfinance Fund enhances the lives of impoverished families, primarily women, in rural areas by providing loans and training to launch businesses. This not only generates income but also enables families to save for the future. By the end of the fiscal year, the Fund's portfolio consisted of over $260 million in loans to more than 1.2 million people for farming and income-generating activities, education, and emergency needs. Recipients of these loans also received business development skills training, financial literacy education, and resilience instruction to prepare them for economic shocks and disasters.
Official website here: www.pactworld.org/country/pact-global-microfinanc
Who is the CEO of Pact Global Microfinance Fund?
Caroline Anstey is the Pres & Ceo of Pact Global Microfinance Fund. The CEO's salary of Pact Global Microfinance Fund is $0 and their total compensation is $494,296.
Official website here: www.pactworld.org/country/pact-global-microfinanc
What is the revenue of Pact Global Microfinance Fund?
Pact Global Microfinance Fund's revenue in 2022 was $71,903,472.
Official website here: www.pactworld.org/country/pact-global-microfinanc
Who are the executives of Pact Global Microfinance Fund and what are their salaries?
- Caroline Anstey (Pres & Ceo)
- Fahmid Karim Bhuiya Md (Coo, Pgmf)
- Maria Barton (Secretary)
- Jason Meikle (Deputy Director - Pgmf)
- Samantha Barbee (Treasurer)
- Mamunur Rashid (Finance Director - Pgmf)
- Ellen Varney (Board Chair) [Trustee/Director]
- James Donovan (Board Member (As Of 5/2022)) [Trustee/Director]
- Lisa Thomas (Board Member (Thru 12/2022)) [Trustee/Director]
Official website here: www.pactworld.org/country/pact-global-microfinanc
Where can I find the form 990 for Pact Global Microfinance Fund?
The Pact Global Microfinance Fund’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pactworld.org/country/pact-global-microfinanc
Learn more at the official website: www.pactworld.org/country/pact-global-microfinanc
Mission Statement of Pact Global Microfinance Fund
Pact Global Microfinance Fund, a leading non-profit lending organization, strives to create a world where the marginalized and impoverished exercise their voice, build their own solutions, and take ownership of their future. In pursuit of this mission, Pact Global Microfinance Fund utilizes a two-pronged strategy: facilitating access to microfinance services using a group lending methodology, and stimulating small business ventures through a range of basic small business development support services.
As a non-profit lender, Pact Global Microfinance Fund transforms the lives of poor and marginalized families, primarily women, in Myanmar. By providing loans and training, this organization empowers recipients to launch small businesses, which in turn generates income and enables them to save for the future. With over 97 percent of loan recipients being women, the majority of whom reside in rural areas with limited credit options, Pact Global Microfinance Fund plays a pivotal role in expanding economic opportunities.
At the end of the fiscal year, Pact Global Microfinance Fund's portfolio boasted $260,825,411 in loans granted to over 1,228,914 individuals for farming and other income-generating activities, education, and emergency needs. In addition to microfinance services, Pact Global Microfinance Fund offers training to help recipients develop their business skills, enhance their financial literacy, and build resilience in the face of economic shocks and disasters. By providing these resources, Pact Global Microfinance Fund enables communities to uplift themselves from poverty and build sustainable livelihoods.
Impact
This information is meant to be a general summary of Pact Global Microfinance Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Pact Global Microfinance Fund's impact lies in improving the lives of poor and marginalized families in Myanmar. By providing loans and training to launch small businesses, they help build income and savings for the future. With a focus on empowering women, the Fund supports individuals who have limited access to credit in rural areas. As of the latest fiscal year, over $260 million in loans have been distributed to more than 1.2 million people for various income-generating activities, education, and emergency needs. Additionally, recipients undergo training to enhance their business development skills, financial literacy, and resilience in the face of economic challenges and disasters. Through an integrated approach and local partnerships, Pact Global Microfinance Fund is working towards a world where the marginalized can voice their needs, develop their own solutions, and secure control of their future.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICROFINANCE LOAN ACT.
Revenue
$59,506,189
FEE INCOME ON LOAN ACT
Revenue
$6,660,803
Organization Details
Founding Year
2012
Phone
(202) 466-5666
Principal Officer
Caroline Anstey
Main Address
1140 3RD STREET NE, WASHINGTON, DC, 20002
NTEE Category
Code: Q11 - International
If you are a representative of Pact Global Microfinance Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.