Archives For microfinance

Vincent Habiyaremye has a knack for taking broken or seemingly worthless pieces that many of us might discard and transforming them into something functional and whole.

Fifteen years ago, he used those skills as a carpenter, going door to door in his community in Rwanda to find odd jobs and provide for his wife and children. But his days were long and the demand for his services was sporadic.

Vincent dreamed of moving beyond the fluctuation of day labor. He dreamed of supporting his children through school so that they could one day pursue their own dreams. He dreamed of using his God-given gifts to build beautiful things in his community—and creating a business that would empower others to do the same.

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For years, a group of young people has built a reputation for contributing to violent attacks in Brazzaville, the Republic of Congo’s capital. “These young people sow terror in the city,” says Ghislaine Matondo, who lives in the city with her husband, mother, and sister. Yet little has been done to address the danger, she explains: “Juvenile delinquency in our neighborhoods is a sensitive matter [to which] even politicians do not dare give concrete answers.”

In 2020, Ghislaine took out her fifth loan from HOPE Congo to start a new venture: Merci pour la Bénédiction (“grateful for the blessing”), a business manufacturing sofas. But she says that the Lord gave her more than a new business idea; He also gave her a vision to address the challenge of gang violence in her community. Continue Reading…

We are now in the third month of the war in Ukraine, with heavy fighting continuing in the east and south of Ukraine where Russia has occupied several cities where HOPE Ukraine operates. Missile strikes continue in Kyiv and other areas across the country.

The United Nations is reporting that more than 5.6 million Ukrainians have now fled the country as a result of the war. And 7.7 million people are displaced internally—most fleeing the violence in the eastern and southern regions. Continue Reading…

Romania

It’s now been more than four full weeks of war in Ukraine. Despite Russia’s escalating violence against both the Ukrainian military and civilians, and despite multiple rounds of peace talks and negotiations, there has been no clear resolution.

Fighting continues to be concentrated in southern, eastern, and northern regions. There is a great spirit of unity among Ukrainians, but also great concern as Russia’s tactics grow more ruthless. Almost four million people have now evacuated Ukraine as refugees, and millions more are displaced within Ukraine, having relocated to areas farther away from bombing and Russian occupation. UNICEF estimates that half of Ukrainian children are now displaced, living in an unfamiliar place. Please join us in praying for peace!

HOPE continues to focus on four main priorities: Continue Reading…

The war in Ukraine rages on, with the fighting concentrated in southern, eastern, and northern regions. Thus far, Ukrainian forces have strongly resisted Russian attacks, and there is a great spirit of unity among Ukrainians. The United Nations estimates that over 2 million people have evacuated Ukraine as refugees, and millions more are displaced within Ukraine, having relocated to areas farther away from areas under attack. Continue Reading…

Update: We have a more recent update as of March 9 here.

Russia has launched a large-scale invasion on Ukraine, where HOPE International first began microfinance operations to serve Ukrainian entrepreneurs and families 25 years ago. Bombings and attacks have been reported across the entire country. We are in daily contact with HOPE Ukraine staff as we consider how we can best serve and respond.  

We’re firm believers in the power of prayer, and as supporters of HOPE, the most impactful thing you can do right now is pray—please learn more below to know how you can join us in prayer.   Continue Reading…