Rating: 4.5 stars 12 reviews
Issues: International, Economic Development, Microfinance
Location: 65 East Wadsworth Park Dr. Ste 207 Draper UT 84020 USA
Foster the establishment of partner organizations to assist families that struggle for self-sufficiency to attain a self-reliant livelihood through small enterprise activities by providing principle-based training, character development, counseling, mentoring and micro-finance services for productive purposes.In Developed Countries...
Provide those having the means and desire to assist the impoverished in a meaningful and lasting way with proven and practical methods of self-help to extend, not hand-outs, but a hand up.
Target demographics: The poor in developing countries are trapped. They lack education, good nutrition, and a safe place to raise their families. They cope with harsh social, economic, and environmental hardships. Poverty problems are extensive and complex. Inherited hunger, chronic malnourishment, and stunted growth have negative long-term effects on a child’s working capacity and intellectual performance. These serious effects reach far into adulthood. Such nutritional problems are prevalent in developing countries. Illness, disease, ignorance, abuse, and degrading customs are prevalent, too. Because there is no formal economy, a majority of the populations in developing countries can’t find work. They must fend for themselves and their families without the resources they need to succeed.
Direct beneficiaries per year: 55,979
Geographic areas served: Philippines, Guatemala, Honduras, El Salvador, Peru
Programs: Mentors' seven partner foundations in Guatemala, Honduras, El Salvador, the Philippines and Peru offer basic business training, personalized consulting, mentoring and small loans to those who have the desire to improve their family's standard of living through entrepreneurship and self-employment. "Give a man a fish and you feed him for a day. Teach him to fish and you feed him for a lifetime." --Lao Tzu Enterprise Mentors adds: "Motivate him to teach others to fish and you feed a nation."
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A cursory review of this organizations published fiinancials statements show that they are diverting operational expenses to program related expenses to show that more money is spent on programs expenese versus operational expenses. They have at least 5 full time employees for 7 foudations and their operational expenses as per their financial statements were less than US 70,000. How is that possible?
They included in their audits "Notes Receiveable" from partner organizations yet these notes are not asset back nor are they worth even a fraction of the value booked in the audit. This is anohter attempt to hide the true nature of this company which is really to act as a fund raising organisation for the benefit of over-paid staff members.
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