All three of our expansion announcements—Kenya, Benin, and Dominican Republic—were among our most-read stories of 2023!
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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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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.
We’re thrilled to announce that HOPE International is launching a new savings group program in Tanzania.
“The reason behind every expansion at HOPE is to invest in the dreams of even more families,” says Peter Greer, HOPE’s president and CEO. “It’s an incredible honor to link arms with the Tanzanian Church as it ministers to families there.” Continue Reading…
For the first time in eight years, HOPE International is expanding microfinance operations to include another country: Paraguay! The HOPE network will reach Paraguay through a partnership with Diaconía, a microfinance institution with a mission of empowering those living in poverty.
