Union Microfinanza Inc.
Union Microfinanza Inc.
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About this organization
Mission
The organization is dedicated to improving the condition of impoverished rural communities through innovation and research.
About
Operates a microfinance program in 32 impoverish Honduran villages. Loan recipients consist of poor, small-yield farmers whom we help increase their agricultural capacities. Physical inputs such as fertilizer and field tools are offered to farmers without credit history or collateral. Clients attend payment and program update meetings every two weeks. In addition, the organization purchases coffee directly from these farmers and encourages them to produce high-quality coffee by holding training sessions on farming and processing techniques. We also constructed a coffee processing facility available to local small scale coffee farmers who otherwise sell their coffee unprocessed.
Interesting data from their 2020 990 filing
According to the filing documents, the non-profit's mission is defined as “The organization is dedicated to improving the condition of impoverished rural communities through innovation and research.”.
When referring to its tasks, they were referred to as: “The organization is dedicated to improving the condition of impoverished rural communities through innovation and research.”.
- The non-profit's state of operation has been legally reported as MI.
- According to the latest filing, the non-profit's address in 2020 is 1485 S Getty St, Muskegon, MI, 49442.
- The total number of employees reported by the non-profit on their form for 2020 is 5.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $22,728.
- The CEO compensation package within the organization is not determined through a thorough evaluation and endorsement by a neutral source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 3 independent voting members.
- The organization was formed in 2009.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $30,522 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
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