Ria provides business opportunities for ethnic entrepreneurs

Do it with joy.” That’s the seventh Social Business Principle of Nobel Peace Prize laureate, Professor Muhammad Yunus, who is considered a pioneer not only for Social Business, but also for the concepts of microcredit and microfinance.

Professor Yunus is also a man with a vision to overcome poverty. His dedication and expertise in dissecting the relationship between human and economic issues, as well as his familiarity with Eastern and Western cultures, has also earned him widespread recognition. Crucially, he believes that “the right to have credit should be a fundamental human right”.

Muhammad Yunus

Professor Yunus is a pioneer for the concepts of microcredit and microfinance. “2014 Woodstock 197 Muhammad Yunus” by Ralf Lotys (Sicherlich). Licensed under CC BY 4.0 via Wikimedia Commons.

At Ria, we think it’s all about offering people opportunities. This is why we promote entrepreneurship and give financial support in the form of credit to our agents. Many are migrant workers that left their countries with dreams of achieving something better for themselves and their families.

Tens of thousands of ethnic entrepreneurs, located in developed countries, with poor or no credit history, are receiving revolving credit and earning commissions from Ria. This approach is helping them to grow their business and offset some of the costs associated with running one.

Ria’s ethnic entrepreneurs not only provide a valuable service by sending low-cost remittances – many of which go to developing economies, helping to reduce poverty – they’re also supporting their local community.

So why is this help needed?

Currently, 2.5 billion adults don’t have access to formal financial tools. The reality is that the act of transferring or receiving money through a bank is simply not practical or possible for everyone. This is where money transfer companies come in.

Over the past 27 years Ria has grown to become a recognised leader in this sector. We’re as modern as you get, but we hold old-fashioned values. We believe in social responsibility, ethnic responsibility and in helping out developing countries. We’re also passionate about helping individuals fulfil their potential. That’s why our work with entrepreneurs is so rewarding.

As for doing business with joy, this is something we live by every day. You can even see it reflected in our signature orange colour.

Ethnic Entrepreneurs

A shop of one of Ria’s ethnic entrepreneurs that received credit, training and support to build their business.