Archives For Microfinance

K-shaped recovery

The United States is currently experiencing what economists are calling a K-shaped recovery. This occurs when, following a widespread and significant economic dip, certain portions of the economy begin to move toward economic recovery, while others stagnate or fall even further. A K-shaped graph helps explain why recovery following the pandemic seems to be occurring unevenly—while some industries (and people) are returning to normal or even improving, others are experiencing the very opposite.

This phenomenon seems to be occurring globally, as well.

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Carrole Moussengue

2020 was the most challenging year in HOPE International’s 23-year history. Although we felt the strain of the pandemic on HOPE’s operations, the hardest part was witnessing many of the men and women we serve endure illness, loss of life, overwhelmed health care systems, shortages, halted businesses, and falling income.

Microfinance institutions (MFIs) across the HOPE network rallied to assist struggling entrepreneurs, but with markets closed and commerce grinding to a halt, the outlook was grim for both MFIs and those we serve. We began to see a chain reaction play out across our network’s operations:

COVID-19 hits, mandated lockdowns instated, businesses close and/or sales decrease, household income lost, loan repayments missed

But today, we’re excited to report that we’re seeing encouraging signs of recovery in HOPE-network microfinance institutions. We celebrate these because they indicate not only that our operations are returning to health but—even more importantly—that the families we serve are seeing their lives stabilize. Thanks be to God! Continue Reading…

Pediatrician Olga Hoi examines a baby

In 2017, a Politico article titled “In Ukraine, health care is free (except when it’s not),” lamented the state of Ukraine’s “underfunded, corrupt, and inaccessible” health care system. Since then, reforms attempting to address these limitations have empowered private doctors to compete with state clinics for public funding, enhancing quality of care and patient choice.

In 2020, as the importance of health care reached a new pinnacle, HOPE Ukraine received a loan application from Olga Hoi, a young doctor who had founded her own clinic after years of service as a pediatrician in a Ukrainian state hospital. Continue Reading…

Across all aspects of life, women and girls face greater barriers to opportunity and obstacles to providing for themselves, their families, and their communities. We believe that God has created both men and women to be powerful image bearers and agents of change in their homes, communities, and nations. Because women have more frequently lacked these opportunities, more than half of the individuals HOPE serves are women.

This year on International Women’s Day, we’re celebrating stories of impact, resilience, and transformation in the women we’re privileged to serve around the world.

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by Jenn Tarbell and Lance Wood

I (Jenn) worked in development for several years, raising money for a Christ-centered microfinance organization. Because the target demographic for these programs is typically adults who take out loans or join savings groups, people often asked me, “But what about the kids?” Continue Reading…

Mauvalyn Bowen - Wedding

A passion for entrepreneurship can be kindled in a number of different ways.

For some, it’s the classic childhood lemonade stand that initially piques interest; others point to a formative internship or mentor; and for others, it’s building upon an earlier innovation. For Mauvalyn Bowen, a member of HOPE’s local board in Minnesota, it was riding on the back of a donkey as she and her mother (pictured above, along with Mauvlyn’s father and husband) made their weekly trek to market. Continue Reading…