Archives For microfinance

In the developing world, children are often among the most vulnerable. Living on less than $1.90 a day, an estimated 385 million children live in extreme poverty, experiencing chronic malnutrition, food shortages, and lack of clean water.

HOPE believes one of the best ways to care for children living in poverty is to empower their parents. Using HOPE-network services, parents and caregivers start savings accounts or build up small businesses, providing for their children’s needs themselves rather than relying on outside charities or services. Continue Reading…

By Maddie Conley, Social Media Intern

Each year, HOPE International receives hundreds of applicants for our summer internship program. Those accepted work alongside HOPE staff in a variety of departments doing work that has an impact across the globe. This past summer, 11 interns joined the HOPE team in Lancaster, PA. Some commuted no more than 30 minutes from home, while others left family and friends in other states. Continue Reading…

Farmers in rural, agricultural areas of Burundi face a number of challenges unique to their remote location, including limited access to educational opportunities and financial exclusion:

40 percent of Burundian adults living in rural areas qualify as “illiterate*”[1]

5.3 percent of Burundian farmers hold an account with a formal financial institution[2]

Yet it is precisely among underserved communities that Turame Community Finance, HOPE’s microfinance institution in Burundi, seeks to work. Clients living in rural villages hold over 90 percent of Turame’s current outstanding loans.

Unlike a traditional bank, however, Turame’s mission goes beyond financial transactions, offering biblically based business training to its clients, and even to those who do not hold an account.

But Turame had a challenge: how to share robust stewardship training with those who may not only be accessing financial services for the first time, but may also have limited reading skills. Continue Reading…

Each year, HOPE celebrates clients who demonstrate our values of perseverance, compassion, character, and creativity by announcing the Thurman Award winner. Established in honor of HOPE’s first CEO, the Thurman Award celebrates clients who have not only experienced change in their own lives but have also extended that transformation to others in their community. We’re excited to share the story of Peter, this year’s runner up for microfinance institutions!

After a severe case of measles left him blind at age 8, Peter felt he had limited options for his future. In a culture where blindness is highly stigmatized, many blind people are vulnerable to living as beggars. To support their three children, Peter and his wife, Mukanziza—who also lost her sight due to measles as a child—decided to start a business building rental properties.

Prejudiced by his disability, every bank he and Mukaniza approached for a loan turned them down. And that’s when Peter learned of Urwego Bank, HOPE’s microfinance bank in Rwanda.

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Each year, HOPE celebrates clients who demonstrate our values of perseverance, compassion, character, and creativity by announcing the Thurman Award winner. Established in honor of HOPE’s first CEO, the Thurman Award celebrates clients who have not only experienced change in their own lives but have also extended that transformation to others in their community. We’re excited to share the story of Andonie, this year’s winner of microfinance programs!

A member of the Mandaya tribe, one of nearly 200 indigenous people groups in the Philippines, Andonie Digaynon grew up in a culture where education wasn’t highly valued. Not only was the school a long, difficult walk from his rural home, but his family needed him to help earn money. As a result, Andonie dropped out of school after the second grade.

But Andonie hasn’t let his limited education hold him back. Continue Reading…

By Chris Horst, Vice President of Development

If you attended a HOPE event in the fall, you likely heard us describe the 950,000 men and women HOPE and our partners serve around the world. Yet, when you read our 2017 annual report, you’ll see we report serving 838,000 people at the end of 2017. While we have adjusted our numbers substantially, we did not technically lose these clients. We made this change because we believe in reporting field data with the highest levels of integrity, even if it means reporting unfavorable news.

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