fighting poverty, creating jobs and transforming lives by empowering the poor in developing...
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Fighting poverty, creating jobs and
transforming lives by empowering the poor in developing
countries using innovative microcredit and savings programs, business training and spiritual development
MISSION
OUR FOUNDING
• Commended at Lambeth Conference, 1998 (Resolution V.2f)
• Vision of Bishop Chiwanga of Mpwapwa, Tanzania
• First donation made by George Carey
OUR ROLE
• Work with local, church-based sponsors to design micro-economic development programs
• Provide training• for microcredit program
development and management• for saving, borrowing and
building a business
• Facilitate the formation of savings group networks
• Provide funding for operations and loan capital
• By taking a small loan of about $100, Joy was able to start a brick-making business in Uganda.
• She returned her investment four times within a year!
A CREATIVE SOLUTION
TWO BASIC GROUP-BASED MODELS
• Credit-led• Traditional microfinance• External capital• Major cities and towns• Uganda, Peru, Indonesia,
Philippines, India
• Savings-led• Many poor want a place
to save money• Internal capital• Reaches rural areas/post-
conflict• Sudan, Myanmar,
Burundi, India
CYCLE OF SUCCESS
Program Development
Group Formation
Lending & Mentoring
Spiritual Development
Saving & Planning
Repayment& Recycling
PROGRAM CHARACTERISTICS
• Based on groups as fundamental building blocks• Mutual support and
development• Fellowship• Shared accountability
• Early focus on savings culture• Handling money• Safety net• Source of capital
• Augment savings with small, short term loans• Loans to individuals, but
“guaranteed” by the group• $50-$200• Short term (4-9 months)• Interest rates 2%-4% per
month• Increase loan size with
demonstration of success
• A “philanthropic microfinance” organization
• Relational in nature – “heart of a pastor; mind of a banker”
• Five Talents is based on Christian values
• Inspired by the Parable – hard work, risk-taking, accountability
• Five Talents reaches into high-risk areas
• Working in post-conflict and disaster areas
• Five Talents works with the local church
• Provide local presence, accountability, credibility and infrastructure
WHAT MAKES US UNIQUE?
PROJECTS AROUND THE WORLD
Five Talents has funded
more than $5 million in
loan capital, business
training and set-up costs.
Worldwide, Five Talents programs have served more
than 65,000 clients with 120,000 loans
- impacting more than 1 million lives.
More than two-thirds
of these clients are
women.
Currently working in
12 countries:
Peru, Bolivia,
Indonesia, India,
Philippines, Uganda, Kenya,
Tanzania, Sudan, South Sudan,
Burundi, and
Myanmar.
• For most of Lidia’s life, she felt she had all she needed. However, after four children, she separated from her first husband and was abused by her second partner. “I decided that God did not exist,” she said.
• Thanks to her women friends in her loan group, Lidia came to realize that God was her refuge. Each of her children have since given their lives to God.
• “I am very grateful to ECLOF (and the Anglican Diocese), which addresses the spiritual aspects of our lives, unlike other credit institutions. God has blessed us and we will never forget to always trust in Him for everything.”
TRANSFORMATION IN PERU
MICRO-CREDIT FILLS A GAP
• 1.5 billion people without access to financial services
• Microfinance is now reaching 180 million clients
• Conventional aid has limited effectiveness
• The poor want a safe place to save money
• Micro-enterprise growth is cash-constrained
POORER AND RISKIER
The Story of Amat Wuot Community Bank in Lietnhom, South Sudan
HOW YOU CAN HELP
•Pray
•Pledge
•Particip
ate“You gave me five
talents. Look, I have earned five more!”
COMMUNITY TRANSFORMATION
Transforming individuals, then families, then communities…
Our website: www.FiveTalents.orgFacebook: facebook.com/FiveTalentsUSATwitter: @FiveTalents
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