Phoenix Home Care, Inc., a quality in-home health business owned by Phil Melugin, delivers private duty nursing for adults and special needs children. Under Phil Melugin’s management, the company has made a priority of supporting nonprofits such as the Rainbow Network, an organization that provides financial and other essential services to people in Nicaragua.
A faith-based charity, the Rainbow Network strives to create sustainable economic growth through a process called “microlending.” When we think of loans, we often think of large cash amounts used for such major purchases as a car or a house. In the case of microlending, loan amounts are usually in the low hundreds of dollars. The hope is that, with the help of these loans, financially disadvantaged entrepreneurs can invest in small businesses, which in turn develop local economies.
Beyond Nicaragua, large charities have offered microlending with success to entrepreneurs in countries such as India. To learn more about microlending and to donate to the Rainbow Network, visit RainbowNetwork.org.
