Archives For entrepreneurs

Earlier this year, a temporary shutdown to stop the spread of COVID-19 restricted the grocery and grill business that Jofrey Mbema (pictured) owns in the Republic of Congo. With his income suddenly and unexpectedly cut, Jofrey’s greatest concern was how to provide for his family. But he also wondered how he’d manage to repay the business loan he’d taken through HOPE Congo. Continue Reading…

Adidas' savings group helped him acquire much-needed medicines when Rwanda was on lockdown.

2020 has been a year of bad news: coronavirus … dust storms … wildfires … financial shocks … the list goes on.

And yet, despite the real hardships many are facing, we are confident that God is still moving, He is still in control, and He alone deserves our praise. As David exhorts, “Sing praises to the Lord! … Tell among the peoples his deeds!” (Psalm 9:11 ESV).

Today we’re singing God’s praise as we celebrate glimpses of His goodness in the HOPE network throughout 2020. Continue Reading…

In recent months, COVID-19 has severely disrupted economies and markets. In this climate, we’re seeing executives from huge corporations—like Spotify, Whole Foods, Panera, and United Airlines—lead their companies to pivot, adapting their business model in ways that ensure short-term survival and create new avenues for future development.

At HOPE, we’re seeing the same business savvy shown by execs of multi-million-dollar corporations carried out by the entrepreneurs and savings groups we serve around the world—but with fewer resources and more challenging circumstances. Here are a few stories of women and men in the HOPE network demonstrating their resilience, tenacity, and entrepreneurial innovation, as they pivot their businesses to adapt to the new economic landscape shaped by the coronavirus:

Continue Reading…

For years, Mary Msoni sorted through bundles of donated secondhand clothing in Lusaka, Zambia, to resell for a slim margin. Hoping to expand, she started selling new dresses, but her household expenses still left her with little money to invest in her business. Her only options for capital were loan sharks who charged exorbitant interest rates. Continue Reading…

At HOPE International, we have the joy of joining hardworking men and women as they glean the fruit of their labors—literally! From plantain farmers to greenhouse owners, see people rejoicing in this season of abundance. Continue Reading…

Many small businesses in middle-income countries have outgrown typical microfinance loan sizes but still do not qualify for commercial lending. Stuck in the “missing middle,” these companies have great potential to provide jobs and contribute to the local economy, yet credit barriers stand in their way. Continue Reading…