Bosco Nsabimana, a father of eight children and the owner of a wholesale crop business in Rwanda, had big dreams.
He dreamed of expanding his business while empowering his community financially, spiritually, and emotionally, but there was a problem. The only microfinance institutions he was familiar with didn’t align with his ambitions.
“When I need help, God supports me,” reflects Moldovan farmer Evgheni Malai.
As the Russia-Ukraine war presses into a third year, many families in the surrounding region live in fear that the violence will spread across their borders. Moldova is especially vulnerable, sharing a border with Ukraine and economic ties with Russia. Farmers like Evgheni Malai and his twin brother Denis in Moldova face a difficult choice: leave their livelihoods behind and flee, or stay and learn to adapt their business to a wartime economy. Continue Reading…
When Leonora Calipay’s children finished school and she came home to the Philippines, she knew there was something more to her life than retirement.
Leonora’s neighbor noticed her desire to do meaningful things in her free time, so she taught Leonora to sew rugs. With this new skill, Leonora started her own small rugmaking business. She hoped to empower her neighbors—especially the single mothers in her community—to make a living through the same craft.
Not every small business owner aspires to build a small business empire, but Marcel Sinayobye and his wife, Jeanne Nyirangendahimana, are entrepreneurial to the core. While raising eight children, they have built more than 10 businesses throughout their community of Rusizi, Rwanda, and beyond.
And while we know this transformation won’t happen to every man or woman who receives a $48 loan, we marvel when it does.
On Giving Tuesday, we want to elevate other organizations doing life-changing work across our country and around the world. Amid the COVID-19 pandemic, the International Labour Organization predicted that 1.6 billion jobs on the margins of the world economy—representing half the world’s workforce—were in immediate danger. Lower-wage workers and minorities, as well as members of the informal economy, are particularly at risk—but these five organizations are stepping in, and they have our wholehearted endorsement. Continue Reading…
A passion for entrepreneurship can be kindled in a number of different ways.
For some, it’s the classic childhood lemonade stand that initially piques interest; others point to a formative internship or mentor; and for others, it’s building upon an earlier innovation. For Mauvalyn Bowen, a member of HOPE’s local board in Minnesota, it was riding on the back of a donkey as she and her mother (pictured above, along with Mauvlyn’s father and husband) made their weekly trek to market. Continue Reading…
