About the BondMason Foundation
The BondMason Foundation was set up in 2015 to fund micro-finance initiatives1. Here at BondMason, we believe such initiatives are key to reducing and ultimately alleviating poverty by empowering individuals and communities to create their own sustainable economic growth.
Our commitment: BondMason commits a portion of its net revenue into micro financing initiatives. Empowering people and small communities in developing regions.
Our latest micro-loan updates
Our Refer a Friend scheme plays an important part in supporting the BondMason Foundation. It is primarily through Refer a Friend that we have been able to fund micro-finance initiatives with our micro-lending partner Kiva.
To date, we have been able to fund loans in a number of different countries. When these loans are re-paid, we re-invest the funds into new micro-loans.
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The BondMason Foundation has recently supported a loan to Sally in Kenya. This will help her to expand her farming business. You can see details of all our Kiva loans here.
Sally is a single, hardworking lady, age 25 years. She is a businesswoman and a farmer who delights in her work. She likes growing crops for food and for sale, and she has been doing this business for a long time. She is also a hairdresser by profession and when not in the shamba (farm field), she is attending to her clients. She makes a good income from her businesses and she is able to grow and develop in her life.
Due to increased demand of foodstuffs, she is requesting a loan to buy fertilizer, agro chemicals and seeds, and to pay for labor to expand her farming business. She will use her profits to pay her loan in the least time possible.
Her dream is to have a bright future.
You can find out more about our Refer a Friend scheme at the bottom of the page.
Traditional thinking dictates commerce and enterprise exist for purely financial returns whereas welfare and aid exist to promote positive social change. However, in recent years, the role of enterprise in enabling developing communities to drive their own social and economic development is increasingly recognised. This has fuelled a huge growth in micro-financing initiatives that provide loans and finance to individuals who don’t have access to traditional banking systems. These loans provide individuals and communities with the opportunity to use entrepreneurial enterprise to change their lives.
We recognise that aid and welfare are critical in times of disaster or emergency, however they don’t provide a viable long term strategy to deal with poverty. In contrast, micro-financing initiatives offers longer-term, sustainable benefits to the communities they serve.
BondMason's Micro-financing partner Kiva
Kiva is the BondMason Foundation’s micro-financing partner. Kiva works alongside ‘Field Partners’ who have extensive social performance strengths which seek to enhance the value of the initial loan. One example of this is ‘Entrepreneurial Support ’which offers training and support to help individuals start, manage and grow their own businesses. Others include innovation, facilitation of savings and anti-poverty focus, all essential components of economic and social development.
The benefit of micro-financing initiatives such as Kiva, is that you see exactly where loans are going to and the impact they have. There is also thorough vetting and governance of the field ambassadors who are responsible for working with the loan beneficiaries.
Whereas aid addresses short term needs such as food and medical care, micro-financing looks to target the longer-term issues that underpin and perpetuate poverty in a way that is relevant and targeted to the needs of each community.
BondMason Client Refer a Friend
The BondMason Refer a Friend initiative has been a key support to the BondMason Foundation, enabling us to fund a number of micro-loans through Kiva. BondMason Clients can introduce a friend to BondMason and as a thank you the BondMason Foundation will invest £20 ($25) into micro-lending initiatives2.
It takes just two minutes for clients to invite their friends and colleagues. Clients simply need to login and click on the Refer a Friend icon on the left-hand side of their My Summary dashboard.
1 Please note: this initiative does not impact Client investments or returns.
2 Clients who have opened an account AND transferred funds. Full Refer a Friend Terms and Conditions .