HOPE launches new savings group program in Benin. Families in poverty can have a safe place to save, access to loans, and community.
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Dumel Fontaine is a husband and father of three living in Les Cayes, Haiti. He’s always been committed to providing for his family—yet as someone without sight, he’s also almost always been barred from doing so. “My situation was … very catastrophic because I didn’t have a job until now,” he says. “There wasn’t enough clothing and food.” Continue Reading…
In 2010, Small and Micro Enterprise Program (SMEP) Microfinance Bank, a Christ-centered microfinance institution serving families in Kenya, celebrated a major distinction: It became the third deposit-taking microfinance bank in the country to be licensed and regulated by the Central Bank of Kenya. But along with its approval, the central bank issued one caveat: SMEP needed to add investors to its ownership pool.
It sounded like a simple request—yet it proved to be anything but.