Our mission is to empower the world’s poor by providing them with meaningful economic opportunity so they can work their way permanently out of poverty.
At MicroDreams, we believe that extending financial services to low-income people – known as “microfinance” – is an effective and flexible strategy in the fight against poverty. We believe that everyone deserves access to financial services, which will help them work their way to a better future. Today, microfinance institutions (MFIs) provide critical financial services to some of the poorest populations in the world that are viewed as “too risky” by traditional financial institutions. By establishing successful MFIs, MicroDreams enables poor, aspiring microentrepreneurs to start or grow their businesses and generate income to improve the quality of life for themselves and their families. We have seen the results, and we are proud to support our partner MFIs and the hard-working microentrepreneurs they serve.
Since inception, we have:
- provided more than $1.5 million of direct financing to partners in 4 countries
- offered loan guarantees to leverage $850,000 in additional funding so that our MFI partners in Bolivia, Peru and Samoa can grow
- enabled more than 75,000 loans disbursed to microentreprenuers through our partners’ microcredit programs, totaling more than $55,000,000 in loans.
MicroDreams is the sister organization to the South Pacific Business Development (“SPBD”) microfinance network, the most successful group of MFIs operating in the South Pacific islands of Samoa, Tonga, Fiji and the Solomon Islands. Founder Gregory Casagrande and Board Members established MicroDreams in the United States and New Zealand as charitable entities (originally called SPBD-USA and SPBD-NZ) to enable friends and family in these countries to raise awareness and funds for microfinance in the South Pacific.
MicroDreams’ first investment was in SPBD Samoa. When SPBD Samoa repaid its start-up financing, MicroDreams reinvested this money into other MFIs. We have been there every step of the way to support the launch and growth of SPBD in Samoa, Tonga, Fiji and the Solomon Islands.
Our formal rebranding to “The MicroDreams Foundation” occurred in 2007 to highlight our expanding geographic focus and mission to assist young MFIs to follow the successful path to commercial permanence blazed by SPBD Samoa. To that end, MicroDreams has provided critical financing to MFIs in Latin America to help them grow.
With support from donors and investors, MicroDreams USA and MicroDreams New Zealand continue to grow. We are proud to be early investors in successful MFIs in the South Pacific and Latin America. MicroDreams will continue to work with new partners around the world to seed the next generation of MFIs that will benefit the world’s poor.