By Sunny Ommanney

Give a man a fish and you feed him for a day.  Teach a man to fish and you feed him for a lifetime.  At Nyima Foundation, our goal is to give the gift of education.  But symptoms of extreme poverty and/or lack of basic necessities, like food, water, shelter, and medical care may inhibit the path of education.  We are working on a micro-lending program, called Nyima Microfunds, to accomplish two goals: empowering the borrowers and self-sustainability of the borrowers.  We partner with socially responsible microlenders to help bring about lasting change in the lives of disadvantaged and vulnerable people.  Oftentimes, interest rates charged by for-profit microfinance institutions can range between 30% to 50%, and some as high as 80% or more.  Our model enables social investors to directly lend to borrowers at significantly lower cost of capital rates, around 8% to 12%.  We want a lifetime impact.  We are currently beta testing a fund and hope to launch our program to the general public soon.