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Five Talents Joins a Consortium of Fellow Christian NGOs to Support Microfinance Program in Sudan
| Guest post by: David Satterthwaite |
Article Overview: 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.
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Free Download - Ugandan Government to Set up Laws for Regulating its Microfinance Sector By David Satterthwaite |
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.
Compassion International Invests USD 5 Million in Opportunity International to Develop Microfinance in Africa
What is a Microfinance Institution (MFI)?
IV Module I Key Principles for an African Model of Microfinance
3.2 The Roles of Donors and NGOs: Microfinance in Africa Experience and Lessons from Selected African Countries
II. How Can MicroFinance Succeed In Africa?
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About the Author: David Satterthwaite RSS for David's articles - Visit David's website Click here to visit David's website   JPMorgan Launches Social Sector Finance Unit to Bring Financial Services to Microfinance and Social Enterprises Grameen Foundation partners with local Microfinance Institutions in Rwanda to Relaunch Village Phone Initiative Federal Executive Council FEC of Nigeria Approves $272m Loan from the International Fund for Agricultural Development IFAD for Rural Microfinance Nigerian Government Creates $426m Microcredit Development Fund Ugandan Government Initiative to Subsidise Solar Power Equipment by 45 to be Implemented by Rural Microfinance Institutions MFIs |
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