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Five Talents Joins a Consortium of Fellow Christian NGOs to Support Microfinance Program in Sudan

 
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Five Talents Joins a Consortium of Fellow Christian NGOs to Support Microfinance Program in Sudan
   

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.

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About the Author


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.
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