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As women are empowered to save and develop their own businesses, they gain confidence and skills
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Moses Deng Bol was recently appointed as the Internal Archbishop for Northern Bahr El Ghazal in South Sudan.
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Check out the latest photos from a growing microfinance program in Isopilo, Tanzania.
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The beauty business is one of the world's fastest growing industries. A variety of business models are currently in use. In Myanmar, Five Talents and Mother's Union have introduced a cooperative beauty business to empower the poor.
Learn why household budgeting and money management are key skills for everyone entering the workforce.
A credit-cooperative in Uganda is transforming the local economy by empowering poor families as well as local schools.
Eviction and resettlement are common for the urban poor of Indonesia. Migrants in search of opportunity in the city find a cycle of poverty and displacement.
Community savings groups promote economic empowerment and peace building across Burundi.
The Batwa of Burundi have suffered great loss. They are a marginalized community struggling to find their place in modern Africa. Learn how financial inclusion builds bridges and creates new hope and opportunity.
The Mama Bahati Foundation opens a new branch offering microfinance services in Ifupila, Tanznia.
The Mama Bahati Foundation serves women in low-income communities across the southern highlands of central Tanzania.
Juba has long been a trading post, a river port along the White Nile, drawing traders from Egypt and across Eastern Africa. Trade continues to grow across South Sudan with small scale entrepreneurs opening new markets and opportunities.
Five Talents Kenya is one of the most successful microfinance programs in Eastern Africa, serving the rural poor with over 99% repayment on loans and rapidly growing portfolios.
I recently returned from an incredible trip to Kenya.
The purposes of the trip were to participate in the launch of Five Talents Kenya, to hold our regular Five Talents International Board Meeting, and to see the progress made in our programs (specifically our Kenyan programs) to date. We participated in a number of meetings and celebrations, but the highlight of the trip came when we were able to visit clients on their home ground and see the amazing transformation that has occurred in the lives of the people touched by this ministry.
Monday, March 7 was our first "official" day, and was taken up by our FTI board meeting, where we reviewed the progress of our programs world-wide, with a particular emphasis on our African programs. Although our programs are strong, we continue to be concerned about our ability to keep functioning in conflict areas, especially in Burundi and South Sudan. That said, it continues to be a source of great inspiration to see how our clients are able to keep operations running in the face of such hardships. As the Bishop of Juba told our Program Director, "Your friends come and visit when you are sick."
On Tuesday, we celebrated the launching of Five Talents Kenya, in a ceremony attended by five Kenyan bishops and an enthusiastic crowd. It was more of a worship service than a business meeting, and reflected our hopes for a bright future for FTK.
The highlight of the day, however, was our visit to "the field" that afternoon. We were able to see the Thungururu Community Bank in operation, and were able to meet Monica, a Five Talents client who used a small (approximately $50) loan to develop a thriving petrol station. We learned that there are now over 40 small businesses operating in the community!
On Wednesday, we travelled to two separate locations to see possibilities for additional expansion. My team went to Mbeere Diocese, where we learned that they are already starting savings groups in anticipation of Five Talents, and have over 8000 people lined up! Their drive is amazing!
Our group had the easier day, as we only had to drive for two hours over some really bumpy dirt roads to get to our meetings. It is easy to forget how challenging the logistics can be in this part of the world!
A personal highlight for me was the opportunity to meet with a young man by the name of Robert Martin. He introduced himself to me, and reminded me that he attended a seminar that I taught in 2012 on business, which emphasized Christian business principles. He is a teacher, and now has a thriving poultry business as well. In addition, he serves as the chairman of the board for the Community Bank! He credits us with giving him the skills and inspiration to start his business. Although I think he gives us too much credit, it is indeed inspiring to see what he has done with a little training and a lot of ambition!
Once again, I came away in awe of these people, and what they can do with just a little assistance from us, coupled with their own innate dignity and drive. It is a humbling experience to be a small part of this ministry!
Jim Oakes serves as a Board Chair of Five Talents USA.
Photos by Joe Paulini for Five Talents.