Low Income Families

The problem of global indebt remains significant in many countries

It can have serious consequences for the economy and human well-being. Here are some key aspects of this problem:

Personal Financial Burden

Many people face high levels of debt from credit cards, student loans, mortgages, and other forms of consumer debt. This can lead to financial stress, increased debt load, and difficulty paying off debt. Reduced Ability to Save and Invest

Reduced Ability to Save and Invest

Over-indebtedness can reduce the ability to save and invest for the future. People who are burdened with debt may be difficult in building a financial reserve and planning for retirement.

Economic Instability

High levels of household debt can be a source of economic instability because consumer demand, financial risks, and systemic risks may increase, which can ultimately impact economic growth.

Risk of financial crisis

Collective debt overload can increase the likelihood of a financial crisis, especially if many borrowers’ defaults on their loans happen at the same time.

Overcoming the problem of huge debt load requires A SYSTEMIC APPROACH including

1Financial literacy
2Regulation of consumer lending
3Providing affordable alternatives for financing
4Adequate support for borrowers in difficult situations

Economic theory and philisophy in the long term justifies healthy altruism as a personal benefit for every representative of our species

Treat your neighbor as yourself – in fact, is an ironclad formula for a happy civilization moving towards a bright future, since the world is global and the moral, physical, economic condition of each person depends, among other things, on his/her neighbor.

The project is designed to
buy out the debt

of hopeless borrowers who represent the most vulnerable segments of society as large families, disabled people. Also, to inform the population about the risks hidden in credit instruments.