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In this video interview, Pedro Lacen, director of microfinance at Esperanza International, HOPE’s partner in the Dominican Republic and Haiti, discusses the unique role of Christ-centered microfinance in the Caribbean.

Several months ago, Peter Greer, HOPE’s president, sat down with Pedro to discuss Esperanza’s work in the Caribbean. In this excerpt, Pedro talks about the particular impact Esperanza and HOPE are having as Christian organizations and shares a story of how the God Provides films, shown at community bank meetings through HOPE’s partnership with Crown Financial Ministries, are impacting clients through their simple presentation of key stories from the Bible.

HOPE's new vice president of operations reflects on a visit to San Pedro, Dominican Republic.As I’ve made the transition to HOPE International [from the for-profit sector], I’ve been struck by the level of connectedness between ministry organizations. Even organizations whose missions seem to have nothing to do with one another invariably have some common connection: former employees, connections through churches, friends of friends. While the ministries themselves are radically different, the passion for spreading God’s Word and their welcoming spirit are universal. As a newcomer to HOPE International, it’s been so inspiring to learn about the breadth of ways that these organizations answer God’s call.

My recent trip to the Dominican Republic was an example of this connectedness. I spent four days in Santo Domingo, San Pedro, and La Romana. The primary purpose of my trip was to build relationships with Esperanza, our microfinance partner in the D.R. and Haiti. The Esperanza staff is wonderful—so giving of their time, so committed to their clients and staff, and so strong in their faith. Visiting Esperanza would have easily been worth the trip. Continue Reading…

Mona Louifils

Mona Louifils currently buys and sells cookies and candies, but she dreams of the day when she can put her training as a seamstress to work. While she does not yet have enough money to pursue her dream, Mona is saving $2.52 a week as a member of a HOPE Haiti savings group, called “Christ is our only hope,” and plans on investing her savings in a sewing machine. “I enjoy this program because it has taught me to save,” says Mona. “I thank God for…introducing me to this program.”

The recent articles in The Wall Street Journal, “Backlash in microlending: three agents in India are arrested for harassing borrowers” and “India’s major crisis in microlending: loans involving tiny amounts of money were a good idea, but the explosion of interest backfires,” illustrate that in the microfinance sector it all comes down to priorities: does the organization prioritize shareholders’ return or clients’ success?

Payday lenders, loan sharks, pawn shops and some financial institutions are also in the “microfinance industry,” but they are making their own interests paramount, and in the process, overlooking the clients they serve.  This is causing a backlash among government authorities and actually harming some clients.

At HOPE International, we believe these recent articles expose an ugly underside of the microfinance movement.  While we actively support creating profitable microfinance institutions, we believe a gulf is growing between a client-focused approach to microfinance and an approach that focuses on shareholder return rather than life change. Continue Reading…

Three months ago I started a journey, in monthly installments, to two fictional cities—Assetsville and Needsville—both cities representative of poor communities in Africa. While the issues, such as education, health care and sanitation, in these cities are identical, the responses to these issues could not be more different—both in philosophy and methodology.

“Is HOPE the solution for global poverty?” It is a question I am asked often, and the question which inspired the past few months’ musings. My answer to this question is a resounding no. I do not believe HOPE is the solution to global poverty. Christ-centered microfinance is wonderfully effective, but it is not a miracle cure. What I do believe is that the principles undergirding HOPE, and the work of the fantastic organizations I highlighted over the past few weeks, are the solution. Continue Reading…

Pasteur JulienI had the opportunity to interview Pasteur Julien from Centre Chrétienne Néhémie (Nehemiah Christian Center Church) while a reimbursement meeting was taking place in his church.

Thus far, what has been your interaction with HOPE Congo?
“HOPE Congo invited me to speak at the first disbursal meeting on behalf of all the churches in Brazzaville. I came here to pray with the clients and to help HOPE Congo launch their affairs. … I told clients, ‘You can be motivated, earn more money, and make great plans, but without God being a part of your plans, without following His will, it will all be useless in the end.’” Continue Reading…