Five Talents, a Christian development organisation supporting microfinance, has joined a consortium of organisations from the Christian micro-enterprise development (CMED) industry to fund a micro-credit program in Southern Sudan. The village banking initiative in the Wau Diocese was started in 2005, providing adult education, local savings mobilization, business development training, small business development investing and rural micro-credit provision.
The other members of the consortium include World Concern and World Relief from the USA, as well as the Strømme Foundation and Integra Foundation, both from Scandinavia, who are all Christian non-profit NGOs operating in international development.
Five Talents has provided funding, consulting, or training for micro-entrepreneurs in 14 countries in the world since operations began in September 1999. Loans have typically ranged from USD 50 to 300, each financing a microbusiness that, in turn, supports up to six other people. The organization had 10,000 clients in 2006.
In 2005 it was reported in the Christian Science Monitor that the Oxford Center for Mission Studies in Britain claimed that there were 1,200 CMED organizations operating among two-thirds of the world’s population. The Christian Transformation Resource Center in the Philippines reckoned that was up from 505 in 2001 and that by 2025, the number of Christian development organizations, most of which offer microloans, is expected to grow by 75 percent.
To learn more about this author, visit David Satterthwaite's Website.
Like this article? Share it with your friends
|
|
David Satterthwaite
(Visit David's Website)
David brings 10 years of experience in
microfinance management, social
entrepreneurship, non-profit
management/fund-raising and microfinance
investment research.
David is the Chairman and President of
Prisma Microfinance, Inc., a retail
“microbank” operating in Central America.
He is also Chief Editor of
MicroCapital.org, a news and information
service for the microfinance community and
its investors. Each month,
MicroCapital.org publishes the
MicroCapital Monitor, the leading industry
newspaper.
David writes and speaks frequently on
microfinance. He has been a quest speaker
at many events, including: Microcredit
Summit 5+: Panel on Private Investment,
Milken Institute Global Conference, United
Nations Year of Microcredit Symposium for
Wall Street, Chicago Conference on
Microfinance, Harvard Social Enterprise
Conference, Dartmouth’s Business
Sustainability Conference, Wharton’s
Conference on Social Entrepreneurship,
Stanford’s Social Enterprise Club,
Columbia’s Social Enterprise Program and
the Net Impact Annual Conference. Through
his work with Prisma and MicroCapital, he
has been featured or quoted in The Wall
Street Journal, the Boston Globe, “All
Things Considered,” Reuters and
SocialFunds.com. David has been
recognized with the Compaq Computer
Corporation Leadership Award, the City
Year Inspiring Leader Award and the
National Social Venture Business Plan
Competition award for Best Social Impact
Analysis.
David has supported many non-profit and
for-profit social enterprises in different
capacities, including Access Technology
Learning Center, Agora Partnerships,
Bridges to Business, City Year, Fonkoze,
Kiva and National Social Venture
Competition.
David holds a B.A. with Honors in
Political Science from Haverford College.
|
|
 |
|
David Satterthwaite's
Complete
List Of
African-Accounts
Articles
|
|
If you enjoyed this article, get David Satterthwaite's Complete List of African-Accounts Articles For FREE!
|
|
|
|
![[Get Copyright Permissions]](http://license.icopyright.net/images/icopy-w.gif){kind=small}
