Microfinance Loans to Give the Poor a Working Chance - Opportunity Blog

A Trip Down Memory Lane with Some New-Old Photos

We have a lot of great photos at Opportunity International. With all of the amazing clients we get to meet and all of the places we get to work, great pictures aren’t hard to come by. Unfortunately, despite our best efforts to keep them neatly organized, some of those photos get buried underneath all of the new ones that come in. But from time to time, as we’re sifting through our photo library, we come across some that just make us stop. They’re not all perfect pictures, but they show our clients and the places we work, and I thought I’d share some of them!

Client Godfrey Lutwama in the Kalerwe Market, Kampala, Uganda

Mobile bank in Uganda (Credit: Oliver Krato)

Client Deepa (right) with tiffin boxes, India

An unexpected observer in Cartagena, Colombia
Son of groundnut farming client Edward Yohane, Malawi
Fishermen in Maputo, Mozambique

Photos, from top: Client Godfrey Lutwama in the Kalerwe Market in Kampala, Uganda; Mobile bank in Uganda (Credit: Oliver Krato); Client Deepa (right) with tiffin boxes, India; An unexpected observer in Cartagena, Colombia; Son of groundnut farming client Edward Yohane, Malawi; Fishermen in Maputo, Mozambique.

David Santoso is our Online Community Specialist, in charge of our pages on Facebook, Twitter, Pinterest, and more. Stay tuned to the Opportunity Blog for more photos, posts and updates from David.

Posted in Local Staffing, Rural Outreach, Technology, Where We Work
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Look Good, Do Good

This week only, the social entrepreneurs at Sevenly selected Opportunity International as their featured nonprofit, designing t-shirts and a hoodie for sale to benefit our work. They were especially inspired by our work in India, focusing their week-long campaign on our microfinance there, especially health insurance through our microinsurance subsidiary MicroEnsure.

When her baby was sick, Deepa Kahar's (left) health insurance through Opportunity covered treatment and medicine.

When her baby was sick, Deepa Kahar's (left) health insurance through Opportunity covered treatment and medicine.

After all, our financial services for clients all over the world–including savings products, small business loans and microinsurance—can often mean the difference between providing for their families or being unable to make ends meet. These critical financial safety nets are the keys to protecting people from sliding deeper into poverty in the face of financial hardship or unexpected disaster.

This week, we’re giving you one more great way to support our work by buying one of Sevenly’s limited edition tees or a hoodie. We’ll be featured on sevenly.org until Monday, February 6th at 9:59 a.m. PST (11:59 a.m. CST)T-shirts are $22, hoodies are $35, and $7 of every sale goes to help us end poverty. See one of the tees below and check out the rest of the designs on sevenly.org.

Remember, the items are only available until Monday and when they’re gone, they’re gone for good. Sevenly says, “When we say ‘gone,’ we mean FOR-EV-ER.”So take this chance to buy now and wear your Sevenly shirt or hoodie with pride!

Posted in Microinsurance, Strategic Partners, Technology, Where We Work
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Opportunity Canada: 3 Girls Go Plaid for People in the Developing World

We’re always looking for cool new ways that Opportunity supporters find to help us end poverty. So when we read this story on Opportunity Canada’s blog about three teens going plaid for Opportunity, we loved it! Check it out below or on opportunityinternational.ca.

Three girls, one shirt, one pair of shoes, 100 days, 2,500 dollars, 17 women, 85 lives. What does this mean? Nothing to most of us, but when those three girls are Abby, Bethany, and Chrissy it means a lot more. These three junior high girls decided to wear one shirt and one pair of shoes for 100 days to raise over $2,500! And for what? To do something that could help 17 women and their families in the developing world improve their lives.

Three junior high Opportunity supporters go "Plaid for People" and tell their story on Opportunity Canada's blog. (From left: Bethany, Chrissy and Abby)

Three junior high Opportunity supporters go "Plaid for People" and tell their story on Opportunity Canada's blog. (From left: Bethany, Chrissy and Abby)

“After reading ‘Do Hard Things‘ by Alex and Brett Harris we were inspired to make a difference. We really wanted to do something, anything really,” Bethany said, “so after some research we decided to raise money for Opportunity International. We wanted to do something useful with our teen years. We wanted to change lives.” And so they did by starting the “Plaid For People” campaign.

The project started on November 1, 2011 and will come to an end on February 8, 2012. On their story page on OpportunityCan–Opportunity Canada’s online platform where people can share their story, raise funds and invite others to end poverty and transform lives–the girls said:

We are wearing one shirt and one pair of shoes for 100 days. The shirt represent the very small amount of clothing that people in poverty have compared to us, and the shoes represent that 50% of the world (300 million of them being children) do not have shoes, and even if they do, they only have one pair.

By doing this we’re trying to place ourselves in their shoes, literally. We will be going around door-to-door in our neighborhoods raising money, holding events at our church and anything else that we can to meet our goal.

And they did. They fundraised at their church, craft fairs, Ten Thousand Villages, and a little bit in their neighborhoods. Arlene, Abby’s mom, said, “The three girls have astonished us with their dream to change world poverty through sacrifice and wearing one shirt and one pair of shoes for one hundred days to both experience simplicity and to raise awareness for Opportunity International.” She went on to say, “As a parent of one of the girls, I was skeptical. So I chose to sit back and ‘just see’ if they could actually raise money this way. But all their hard work, determination, and commitment to excellence has inspired many in our community! I’ve had to, fortunately, rearrange my thinking about teenagers and not put a lid on their dreams and abilities.”

So why on earth would three junior high girls want to do something like this? When we asked why they responded with, “For the glory of God.”

To learn more about the Plaid for People project, leave comments or make a donation, visit plaidforpeople.opportunitycan.ca.

NOTE (Opportunity Canada): The 17 women helped was calculated by taking the $2,500 raised and dividing it by the average loan size to first time clients of $142. For every one loan, it is our estimate that 4-6 others (children, relatives, employees, etc.) are impacted. Therefore the 85 lives impacted was calculated by taking the number of potential loans, 17, multiplied by 5, average number of others impacted. Funds that are generously raised and donated to Opportunity International are used to provide financial services, including loans, savings, insurance and training, to people trapped in poverty who can benefit from them.

Posted in Technology, What We're Reading
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Opportunity Promotes Entrepreneurship for the Next Generation in Nicaragua

Entrepreneurial Technical High School in Diriomo, Nicaragua

Entrepreneurial Technical High School in Diriomo, Nicaragua

Opportunity International is launching a Technical High School to teach youth entrepreneurship skills in the agriculture and tourism industries as part of its community development initiative in Nicaragua.

Opportunity recently broke ground on its Entrepreneurial Technical High School in Diriomo, Nicaragua. The school will provide rural students with the education and training they need to rise out of poverty. It will also provide the community with educated and skilled workers to catalyze regional economic growth.

The first class of 50 students will matriculate in February and there are currently 30 students registered. Students will receive education in a high school academic curriculum, plus technical training in tourism and agriculture, all while learning to speak English. To date, two classrooms, the administrative office, a meeting room and restrooms have been completed. The director of the school as well as three teachers have been hired.

If you’d like to get involved and lend your crucial support to rural education and community development in Nicaragua, please visit opportunity.org/give and start an online fundraiser for Nicaragua.

Posted in Our Work, Rural Outreach, Where We Work
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Meet Our Staff: Why Do I Believe in Opportunity?

In May of 2010, I attended a luncheon hosted by the Chicago Council on Global Affairs where Melanne Verveer, the first-ever U.S. ambassador-at-large for Global Women’s Issues, spoke to the significance of investing in women as a means to drive economic growth in the developing world. Equally as captivating as Ambassador Verveer’s remarks was being in a room filled with hundreds of other people championing for women’s empowerment and taking a stand against injustice.

It was at this lunch that I first learned of Opportunity International from a group of women connected to the organization that were seated next to me. As I listened to Ambassador Verveer’s words and spoke with Opportunity International supporters and staff, I saw a direct parallel between Verveer’s message, Opportunity’s story, and my own philanthropic and professional interests. This was the moment when Opportunity’s mission and work left a lasting impression on me. We know that women represent 70% of the population living below two dollars a day, and they make up 84% of Opportunity’s client base. As was echoed in Ambassador’s Verveer’s remarks, investments in women directly impact the lives of their children and are leveraged to influence the well-being of their entire communities.

Fast-forward nearly two years and I couldn’t be more thrilled to be joining Opportunity International’s team as a campaign strategist. In this position, I’ll deliver engaging outreach campaigns that offer new ways for you to get involved and partner with us to provide innovative financial services to people throughout the developing world. Through these campaigns and initiatives, we’ll enable our clients to transform their lives, their families and communities. Every day at Opportunity, we provide them with microfinance tools, training and support, and every day I’m sustained by seeing our courageous clients work their way out of poverty and into lives of hope and stability. I’m so excited to be here and I can’t wait to keep you all updated about Opportunity’s outreach campaigns and their impact!

Ally Lynch joined Opportunity-US in early January as our new Outreach Campaign Specialist. Stay tuned to the Opportunity Blog for future posts and updates from Ally.

Posted in Our Leadership, Our Mission and Vision, Our Motivation, Our Work, Resources
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