Program:
Amat Wuot Community Bank - Sudan
- Budget:
-
$135,000
- Category:
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International, Foreign Affairs & National Security
- Population Served:
-
Poor/Economically Disadvantaged, Indigent, General
Program Description:
After decades of civil war, Five Talents started working with a consortium of partners in 2007 in the village of Lietnhom in South Sudan by introducing literacy, financial literacy, business planning, savings and credit training and small business development training. In May 2009, the Lietnhom Community Bank was dedicated and renamed the Amat Wuot Community Bank, which means “a union of communities” in the local Dinka language.
The program has been expanded within the Diocese of Wau to form savings groups in the neighboring village of Luanyeker and the town of Wau.
In South Sudan, Five Talents is providing its experience and knowledge in working with church leaders, ability to increase capacity within these types of projects and experience with business skills curriculum relevant to beginning entrepreneurs.
Program Long-Term Success:
Five Talents, along with the Church of Uganda, consolidated three small microfinance programs -- Kabale, Kasese and Kampala -- under one legal organization, Five Talents Uganda.
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Program:
GERHATI - Indonesia
- Budget:
-
$130,000
- Category:
-
International, Foreign Affairs & National Security
- Population Served:
-
Poor/Economically Disadvantaged, Indigent, General
Program Description:
GERHATI is an acronym in the local language for “Gateway of Hope for Human Transformation.” In 2002, it was conceived and developed by Five Talents in partnership with the Anglican Diocese of Singapore and All Saints Church in Jakarta. GERHATI is working in two communities in Jakarta, Indonesia: Bekasi and Cipayung.
The microenterprise development programs will help community members become financially self-sufficient. The program will also provide an effective outreach to the Muslims in the community, allowing them to build relationships among people of different faiths in a frequently tense and hostile environment.
Five Talents’ objective is to offer small loans, primarily to women entrepreneurs in the community, through a group-lending program. The loan period is five months at 2.5% interest per month, with a 2% administration fee and 5% compulsory savings.
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Program:
Ecumentical Church Loan Fund - Peru
- Budget:
-
$165,000
- Category:
-
International, Foreign Affairs & National Security
- Population Served:
-
Poor/Economically Disadvantaged, Indigent, General
Program Description:
Since 2005, Five Talents has been working with the Anglican Diocese of Peru and the Ecumenical Church Loan Fund (ECLOF) to establish a branch office in San Juan de Miraflores - a slum district of Lima where rural people have migrated to the city looking for work.
The district has a population of around 367,000 inhabitants, with an extremely high population density of 15,310 inhabitants per square kilometer. Of the residents, 6.3% are suffering from chronic malnutrition. Housing is inadequate and basic services such as water and drainage are lacking. One in three school-aged children do not attend, and one in four primary school children are malnourished.
Women entrepreneurs identified as having the lowest income levels from their small businesses are given priority in membership selection for the groups. Members receive training in business and discipleship, both before loans are disbursed and during the repayment period. The goal of this program is to raise family income by 30 percent.
In April 2009, ECLOF opened an office in Huancavelica, which is about 140 miles southeast of Lima. In the department Huancavelica, 85.7% of the people live at or below the poverty line. This is the highest in Peru.
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