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Aye Thandor.
Aye (27) used her loan from Proximity Finance to buy 100 ducklings. "They provide eggs which I can sell each day. I also grow rice and harvest twice a year. With the income, I can send my child to school."
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In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.
Microfinance institutions in Andhra Pradesh grew rich by lending insured loans to the rural poor. When they failed to repay the company gave another loan. Many borrowers caved in and sought escape in suicide.
Down to Earth cover story, 16-30 Nov 2010
Twice a week the women at New Destiny gather for devotion where they sing, pray, dance, and hear Steven's words of encouragement and hope.
A young boy prays during a children's program in Tarija, Bolivia. The program was conducted by Five Talents' partners Sara and Eva Mamani.
Visit: www.fivetalents.org/content.asp?pl=406&contentid=583
Photo by Uncornered Market.
Khadija was one of the first women to receive a microfinance loan from Ariana Microfinance, for around £100.
She is one of the many thousands of women whose skills are being translated into commerical businesses to boost the Afghan economy.
For more on DFID's support for microfinance in Afghanistan visit
Jane Wariju and her husband John started their business in a kiosk. Two years lated, they were able to open their own shop, selling boxes, gutters, and watering cans, thanks to a loan from Calvert Foundation borrower Kenya Women's Finance Trust. The loan, Jane says, has improved everything. "We pay the rent, we eat well. And we are no longer struggling so hard."
(c) Richard Lord for Calvert Foundation
IFC Beneficiary: Nadia Mohamed, a mother to five sons and daughters at different educational stages. She has been supporting her family financially, including her husband, for the past five years
Her husband used to sell ready-made garments, but he injured his back in an accident and is now totally paralyzed. Now she runs the business instead of him. She received a number of micro loans from IFC advisory client in Egypt Al Tadamon. She started with a microloan of LE 500 pounds from them and now borrows up to LE 10,000 every year to buy merchandise.
Microfinance Institutions' debriefing meeting with the head of UNHCR Kakuma sub office, Ignazio Matteini
Consultant Mary Lynn Halland (middle) with Immpreneur.com founder Foulis Peacock (left) and Chuck Roberts, Director of Durobi LLC
Mother and daughter in the rural area of the Irawaddy Delft.
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In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.
Several ACSI clients are waiting outside to get new microfinance loans. Some have walked for hours to reach the office. (IMG_0406)
Panelists discussed various elements of transformation, including the strategic approach of investors to transforming MFIs. The event was moderated by Cholpon Kokumova, Azerbaijan and Central Asia Microfinance Transformation Support, IFC and panelists included: Gulnara Shamshieva, Bai-Tushum Microfinance Company; Sanavbar Sharipova, IMON International; and Christopher Arthur Bloomfield, Microfinance Transformation Support IFC.
Reda Muhammed Ahmed is one of the trainers in the AYB-SD workshop. Read about the difference she's making at www.itbeganinafrica.com/inspiringpeople
In the carpentry workshop of the Samano family who received microfinance loans. Crisanto Garduno Samano, 49
Marcelina Lorenzo, 49ish
Daniel, 13
Pedro, 25
Mexico's microfinance program is similar to programs operating around the world. Loans come in three forms. Community banks are groups of between 20 and 30 people who agree to guarantee each other's loans. The loans are usually small, between $50 and $500. The group screens members and tracks repayment, meeting weekly to support one another.
Borrowers with a proven track record can apply for individual loans. These loans can range from $500 to $5,000. Individual borrowers work with loan officers create multi-year business plans.
Cristanto is part of a solidarity group-a group of four of his Christian friends who have taken out a loan together. Crisanto is a carpenter who makes beautiful pine tables and chairs. He and his wife, Marcelina, live in a nice neat wooden home with iron sheets on roof. Crisanto built it himself. The couple has 10 children, including Daniel, 13, a sponsored child.
Through sponsorship, Crisanto's family has a water tank so the family can have fresh, clean water. Sponsorship provides school supplies for Daniel and pays for half his schooling.
And the loan has helped tremendously as well. Crisanto was able to purchase a jigsaw and a special machine to create curves for his chairs. Now it's easier, he says. I can make more chairs-and I can make special figures.
I used to get tired, he says, before I got the machine, I worked by hand. Now I can make more money because it takes me less time.
A butterfly lands on a nearby avocado tree as Crisanto takes a break from his work. I built very good. I will work harder, he says. His work ethic is as strong as his faith-on the outside of his carpentry shop is written in bold letters: Pray without ceasing.
Daniel stops by the shop to visit his father who he clearly admires, wearing his school uniform. I like the carpentry shop. Maybe I'll be a carpenter like my father someday.
It's a different way of thinking for men of Michoacan, the state n Mexico with the second highest number of emigrants to the United States.
But thanks to this loan, Crisanto will be able to stay with his family. He likes that. I'm a country man, always.
And a very good father-and carpenter.
“Before (joining Hand in Hand) I was only earning enough to feed my family. Now I can pay for school expenses and even save some money every month,” says the married father of two from Sholgara district, north Afghanistan, not far from the Uzbek border. Read his full story here: www.handinhandinternational.org/casestudy/chanar-gul-from...
Microfinance Afghanistan Entrepreneurs
PHOTO CREDIT. If you would like to use this image, please credit Hand in Hand International with the hyperlink: www.hihinternational.org/. Thank you.
This work by Hand in Hand International is licensed under a Creative Commons Attribution 4.0 International License.Based on a work at www.hihinternational.org/.Permissions beyond the scope of this license may be available at www.hihinternational.org/.
Immpreneur.com founder Foulis Peacock (middle), with Mary Lynn Halland (right) and BCNA Board Chair Harriet Joynes
Panelists discussed various elements of transformation, including the strategic approach of investors to transforming MFIs. The event was moderated by Cholpon Kokumova, Azerbaijan and Central Asia Microfinance Transformation Support, IFC and panelists included: Gulnara Shamshieva, Bai-Tushum Microfinance Company; Sanavbar Sharipova, IMON International; and Christopher Arthur Bloomfield, Microfinance Transformation Support IFC.
Khadija poses with one of her finished products.
She makes more candles in the winter than in the summer, both due to demand and because production is faster, as the winter chill helps set the candles faster.
According to an independent study in 2007, each microfinance loan has created 1.5 jobs in the country.
To find out more about how the UK and DFID are working in Afghanistan, please visit: www.dfid.gov.uk/afghanistan
Boy in a small shop in the Irawaddy Delta.
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In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.
Twice a week the women at New Destiny gather for devotion where they sing, pray, dance, and hear Steven's words of encouragement and hope.
A microfinance self help group meet up at a local community center in a village near Pune, Maharashtra.© Oxfam Australia
On 23 October, ADBI delivered its fourth and final video conference session of the 9th Microfinance Training of Trainers: A Blended Distance Learning Course. Attendees from Kenya, Nepal, Tanzania, and several other developing nations joined the video training session. The training course concludes 30 November.
Read more: www.adbi.org/event/5539.9th.microfinance.distance.learnin...
Microfinance Works - For the Rich
VALLADOLID, Spain, Nov 18, 2011 (IPS) - Jesús Guerra, a volunteer at this week’s Fifth Global Microcredit Summit in this Spanish town, was nonplussed by the expensive gold watch sported by a banker from a developing country.
A child play at his mothers business in Dulag, Philippines. His mother is a microfinance client with VisionFund.
Panelists discussed various elements of transformation, including the strategic approach of investors to transforming MFIs. The event was moderated by Cholpon Kokumova, Azerbaijan and Central Asia Microfinance Transformation Support, IFC and panelists included: Gulnara Shamshieva, Bai-Tushum Microfi nance Company; Sanavbar Sharipova, IMON International; and Christopher Arthur Bloomfield, Microfinance Transformation Support IFC.
Chantal
ex-prisoner’s wife
“Even though I am Hutu, I was totally against the genocide, yet I did nothing to stop the bloodshed because I was afraid I would be massacred. My husband was not involved with the killings but he was arrested and put in jail.
The microfinance project helped me improve my family home with electricity and safe water for my children.”
Chantal is 47, married and has 6 children
Kimironko, Gasabo District
© Carol Allen Storey for International Alert
Thanks to a loan from Calvert Foundation borrower PRASAC, Koun Sarum and his wife You Davy have a grocery and a farm. By working with PRASAC, a Cambodia-based microfinance organization, they are now able to hire extra help during the wheat harvest, increasing their yield and providing employment to local workers. "My life has changed because I have more capital and it makes it easy for me to increase my business," said Sarum. "Because of the loan my family feels and lives better. I don't need to use physical labor as hard or as much as before because I can hire help if I need it." Sarum plans to also use his loan to grow vegetables.
Sarum's wife Davy reads a little but cannot write. To help support relatives, she started working early in her life. Because of this, she didn't go to school. With proceeds from their business, however, they can send all of their children to school, including 5-year-old son Pum Pancharung in kindergarten and 16-year-old daughter Heng Thavary in grade 8.
(c) Richard Lord for Calvert Foundation
Amit Bouri, Director of Strategy and Development at the Global Impact Investing Network, and Mr Syed Mahbubur Rahman, CEO of Brac Bank at the Global Alliance for Banking on Values annual meeting in Ica, Peru 2011.
Wata's wife left him when he was diagnosed with leprosy. He is disabled, with damage to his hands and feet. He is also now a single parent with 2 children. He is struggling to find work because of his disabilities. TLM DR Congo is planning to support him in vocational training or microfinance.
Microfinance Tajikistan helped build a new cattle shed.
Through the Aid for Trade project, UNDP promotes trade and country competitiveness in 11 countries in the region, to reduce poverty and improve peoples’ lives.
Read more about the Aid for Trade project
and
Son Noing.
Mrs. Aye Aye Thwin (45) and Mr. Son Noing (46) live with their 14-year-old daughter in a small wooden house in the flood-prone Irawaddy Delta in southern Myanmar.
In 2008, cyclone Nargis swept away everything they had: their house, their land, their livestock. Son Noing picked up the fishing trade to gather food as well as some income. Driven into despair the couple started borrowing money from loan sharks, hoping they could build back their farming business.
"The interest rates were so high, it caused us a lot of stress", says Mrs. Aye Aye. "After we would pay back our loan, there would hardly be anything left. We were barely getting by and we were losing hope.
They escaped this cycle of poverty when they started a loan for their business at Proximity Finance, at a much lower interest rate. With the investment, Aye Aye bought products for her store, which is now twice as large and generates twice as much income.
Thanks to their improved financial situation they could send their eldest son to school. He now has a job in the capital Yangon and also provides for the family. Mrs. Aye Aye: "We are so happy and filled with pride for our son."
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In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.
The Africa Finance & Investment Forum 2009 was hosted at the ABN AMRO Bank Headquarters, Amsterdam, in partnership with the Netherlands Development Finance Company (FMO). The 3-day forum included plenary sessions and workshops. A wide range of topics on African investment were discussed, including boosting African economies through entrepreneurships, the role of commercial banks in the development of private initiatives, and the role of International Financial Institutions (IFIs). Day II’s proceedings were rounded off with the Gala Evening during which Mr. Derek Kwesiga, founder and CEO of Derekorp in Uganda, was selected as the winner of the USD15 000 EMRC-AfDB Project Incubator Award. Day III was dedicated to a series of workshops and discussion panels on crucial matters affecting the African investment climate.
AFIF09 was an excellent networking opportunity for entrepreneurs and potential investors in Africa, with the business-to-business meetings that took place thanks to the International Trade Centre’s assistance.
The wife of Khaing Min Oo, a farmer in the Dry Zone.
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In Myanmar, Cordaid supports Proximity Finance, a microfinance institution that provides loans to thousands of farmers and vulnerable families in regions that suffer from poverty and the consequences of climate change.
Because of these loans and other forms of support they receive, like information on farming, technology and the local market, the farmers are able to improve their lives significantly.
The low interest rates allow them to pay off their debts relatively easily and gain extra income to cover essential expenses like hospital bills or school fees for their children.
In 2008 the country was hit hard by cyclone Nargis. Many people lost their entire farming business and livelihood. Proximity Finance stepped up and started helping farmers with small loans, enough to get their businesses running again. This offered a safe alternative to loan sharks, who illegally lend money at extremely high interest rates.
Now, these families can carry out their farming activities and even grow their business to increase their income and send their children to college. This way an entire generation will be able to escape poverty to start building a better future for Myanmar.
Through the Aid for Trade project, UNDP promotes trade and country competitiveness in 11 countries in the region, to reduce poverty and improve peoples’ lives.
Read more about the Aid for Trade project
and
Good Return in Tonga
Good Return provides responsible microfinance and education to the poor in the Asia Pacific. Find out more at www.goodreturn.org