If I donate, where does my money go to?
In June 2012, no mountain too high donated Rs. 200,000 to Akhuwat, or 100% of the money given by no mountain too high's donors. We will continue to give 100% of your donation to our partner organizations and use our personal savings as much as possible to finance our mountaineering expeditions.
Going forward, we will continue to prioritize the donations to microfinance and other charitable organizations in poor economic environments. As such, we will continue to donate 100% of your contributions to our partner organizations.
Are donations tax-deductible?
Yes, they are. no mountain too high is a public charity and is tax exempt under section 501(c)3 of the Internal Revenue Code. Contributions to no mountain too high are tax deductible under Section 170 of the Code. Additionally, we are qualified to receive tax deductible brquests, devises, transfers or gifts under section 2055, 2106 or 2522 of the Code. All contributions will benefit our cause.
After making a donation, you will receive a thank you letter from us with your donated amount and our tax EIN number for tax filing purposes.
Do I need a PayPal account to donate?
No, you do not. Click on the link to make a donation. Enter the amount you wish to donate. Then scroll to the bottom page, and click on "Don't have a PayPal account? Use your credit card or bank account (where available). Continue. You will be then taken to a secure page. Paypal accepts all major credit cards.
I want to make a donation, but can I write a check instead of using PayPal?
Yes, you can. If you would like to send a check, please use the feedback form or e-mail info at nomountaintoohigh dot com.
What tangible results can I hope to see? Can you provide a few examples of some micro finance projects NM2H has participated in so far?
This is NM2H's first donation round and that's why we partnered up with a well-reputed, credible MFI. Akhuwat in Pakistan has given loans to over 120,000 families (approx. 30% female lendees, 70% male) with a total value of approximately USD 15 million. Akhuwat’s recovery rate is 99.85%, which is very high for the sector and especially the region. Furthermore, Akhuwat charges its borrowers no interest and is therefore on a truly social mission and not a profit maximizer. Their management is typically funded otherwise and does not claim a salary which keeps their overhead costs very low.
It is harder to define social return since its measurement and precise definition are still widely discussed topics, but the high repayment rate in combination with returning lendees asking for somewhat larger loans to further build their business is a good sign. Most importantly, a significant portion of previous borrowers now, with their new sources of income, voluntarily help donate to Akhuwat to fund loans to new lendees, which shows lendees believe in Akhuwat’s approach and want to help their fellow citizens out in a similar fashion.