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	<title>Microfinance a Working Solution to Global Poverty &#187; Earthquake</title>
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	<link>http://www.opportunity.org</link>
	<description>Opportunity International</description>
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		<title>Our Prayers Are With the People of Japan</title>
		<link>http://www.opportunity.org/blog/our-prayers-are-with-the-people-of-japan/</link>
		<comments>http://www.opportunity.org/blog/our-prayers-are-with-the-people-of-japan/#comments</comments>
		<pubDate>Thu, 17 Mar 2011 16:06:29 +0000</pubDate>
		<dc:creator>Opportunity International</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Resources]]></category>
		<category><![CDATA[What We're Reading]]></category>
		<category><![CDATA[BBC]]></category>
		<category><![CDATA[Community]]></category>
		<category><![CDATA[Earthquake]]></category>
		<category><![CDATA[Global Giving]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[natural disasters]]></category>
		<category><![CDATA[new york times]]></category>
		<category><![CDATA[NPR]]></category>
		<category><![CDATA[Prayer]]></category>
		<category><![CDATA[Red Cross]]></category>
		<category><![CDATA[Tsunami]]></category>
		<category><![CDATA[Unicef]]></category>
		<category><![CDATA[Washington Post]]></category>
		<category><![CDATA[what we're reading]]></category>
		<category><![CDATA[World Vision]]></category>

		<guid isPermaLink="false">http://www.opportunity.org/?p=12449</guid>
		<description><![CDATA[In the days since the 8.9-magnitude earthquake (which was upgraded to 9.0) struck Japan on Friday, March 11, followed by the devastating tsunami, we at Opportunity, like the entire world, have been watching the scenes of destruction and listening to reports in the media, incredulous and deeply saddened by the news. It seems astonishing that<a href="http://www.opportunity.org/blog/our-prayers-are-with-the-people-of-japan/"> Read more...</a>]]></description>
			<content:encoded><![CDATA[<p>In the days since the 8.9-magnitude earthquake (<a  href="http://www.usgs.gov/newsroom/article.asp?ID=2727&#038;from=rss_home">which was upgraded to 9.0</a>) struck Japan on Friday, March 11, followed by the devastating <a  href="http://www.washingtonpost.com/world/in-onagawa-japans-tsunami-destroys-community/2011/03/15/ABxUi9Z_story.html">tsunami</a>, we at Opportunity, like the entire world, have been watching the scenes of destruction and listening to reports in the media, incredulous and deeply saddened by <a  href="http://www.npr.org/blogs/thetwo-way/2011/03/16/134587377/disaster-in-japan-wednesdays-developments" target="_blank">the news</a>.</p>
<p>It seems astonishing that such extreme destruction could have taken place in such a short time, and with possible <a  href="http://www.nytimes.com/2011/03/17/world/asia/17nuclear.html?hp" target="_blank">radiation threats</a> from the reactors in Fukushima, the embattled people of Japan continue to face instability and uncertainty. Our prayers are with them as the official death toll <a  href="http://www.reuters.com/article/2011/03/17/us-japan-quake-aid-idUSTRE72G46120110317" target="_blank">reached 4,000 today</a>, thousands more <a  href="http://www.nytimes.com/2011/03/17/world/asia/17cope.html?_r=1&#038;hp" target="_blank">are displaced</a> from their homes, and an astonishing number are still trying to locate lost loved ones amidst the turmoil.</p>
<p>We wish all the Japanese people safety, security and peace. We encourage you to keep them in your prayers.</p>
<p>If you&#8217;re looking for a way to help, there are <a  href="http://www.google.com/crisisresponse/japanquake2011.html" target="_blank">a number of emergency relief organizations</a> accepting donations, including:</p>
<ul>
<li>World Vision &#8211; <a  href="http://www.worldvision.org/worldvision/eappeal.nsf/donation-item?Open&#038;amt=50&#038;num=371&#038;campaign=113655219&#038;cmp=KNC-113655219" target="_blank">worldvision.org/Help Japan</a></li>
<li>Unicef &#8211; <a  href="https://secure.unicefusa.org/site/Donation2?df_id=9640&#038;9640.donation=form1" target="_blank">unicefusa.org</a></li>
<li>Red Cross &#8211; Japanese <a  href="http://www.jrc.or.jp/" target="_blank">jrc.or.jp</a> or American <a  href="https://american.redcross.org/site/Donation2?5052.donation=form1&#038;df_id=5052&#038;idb=0" target="_blank">americanredcross.org</a></li>
<li>Global Giving &#8211; <a  href="http://www.globalgiving.org/projects/japan-earthquake-tsunami-relief/" target="_blank">globalgiving.org/projects/japan</a></li>
</ul>
<p><strong>One of multiple news reports on the earthquake, tsunami and their effects on Japan (published 3/11/11):</strong><iframe title="YouTube video player" width="520" height="323" src="http://www.youtube.com/embed/ThUq7HZQGOA?rel=0" frameborder="0" allowfullscreen></iframe></p>
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		<title>What We&#8217;re Reading: &#8220;Haiti: Could Mobile Banking Be a Legacy of the Earthquake?&#8221;</title>
		<link>http://www.opportunity.org/blog/what-were-reading-haiti-could-mobile-banking-be-a-legacy-of-the-earthquake/</link>
		<comments>http://www.opportunity.org/blog/what-were-reading-haiti-could-mobile-banking-be-a-legacy-of-the-earthquake/#comments</comments>
		<pubDate>Wed, 12 Jan 2011 16:30:08 +0000</pubDate>
		<dc:creator>Opportunity International</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Resources]]></category>
		<category><![CDATA[Strategic Partners]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[What We're Reading]]></category>
		<category><![CDATA[ATMs]]></category>
		<category><![CDATA[Bill & Melinda Gates Foundation]]></category>
		<category><![CDATA[Cell phone banking]]></category>
		<category><![CDATA[CGAP]]></category>
		<category><![CDATA[cgap technology blog]]></category>
		<category><![CDATA[Earthquake]]></category>
		<category><![CDATA[Ending Poverty]]></category>
		<category><![CDATA[Financial services]]></category>
		<category><![CDATA[Fonkoze]]></category>
		<category><![CDATA[Gates Foundation]]></category>
		<category><![CDATA[Haiti]]></category>
		<category><![CDATA[MFI]]></category>
		<category><![CDATA[Microfinance]]></category>
		<category><![CDATA[Mobile Banking]]></category>
		<category><![CDATA[mobile phone banking]]></category>
		<category><![CDATA[natural disasters]]></category>
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		<category><![CDATA[Port-au-Prince]]></category>
		<category><![CDATA[POS devices]]></category>
		<category><![CDATA[Poverty]]></category>
		<category><![CDATA[The Bill & Melinda Gates Foundation]]></category>
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		<guid isPermaLink="false">http://www.opportunity.org/?p=10257</guid>
		<description><![CDATA[Every Wednesday, we highlight an article, book or a blog in our “What We’re Reading” series. We feature works that are noteworthy, inspiring, educational or relevant to the work we do at Opportunity International. We welcome your comments in the comment field below–-tell us what you’re reading, or respond to the piece we’ve highlighted. The<a href="http://www.opportunity.org/blog/what-were-reading-haiti-could-mobile-banking-be-a-legacy-of-the-earthquake/"> Read more...</a>]]></description>
			<content:encoded><![CDATA[<p><em>Every Wednesday, we highlight an article, book or a blog in our “</em><a  href="http://www.opportunity.org/blog/category/what-were-reading/" target="_blank"><em>What We’re Reading</em></a><em>” series. We feature works that are noteworthy, inspiring, educational or relevant to the work we do at Opportunity International. We welcome your comments in the comment field below–-tell us what you’re reading, or respond to the piece we’ve highlighted. The following piece highlights <a  href="http://technology.cgap.org/2011/01/11/haiti-could-mobile-banking-be-a-legacy-of-the-earthquake/" target="_blank">a post</a> on the <a  href="http://technology.cgap.org/" target="_blank">CGAP Technology Blog</a> by <a  href="http://technology.cgap.org/author/Chris-Bold/" target="_blank">Chris Bold</a> about expanding financial access to the people of Haiti through mobile banking services. It&#8217;s further testimony to the power of financial access to change the lives of people living in poverty, <a  href="http://www.opportunity.org/blog/mobile-phone-banking-reaching-remote-microfinance-clients-in-malawi-tanzania/" target="_blank">as Opportunity does</a> around the globe.</em></p>
<p>Today, Jan. 12, is the one-year anniversary of <a  href="http://www.opportunity.org/blog/the-tragedy-in-haiti-how-you-can-help/" target="_blank">the disastrous earthquake</a> that struck Port-au-Prince,<a  href="http://www.opportunity.org/blog/cgiu-final-panel-haiti/" target="_blank"> Haiti</a>. In the wake of the catastrophe, while aid groups worked to provide much-needed emergency relief services, other NGOs looked <a  href="http://www.opportunity.org/blog/opportunity-international-provides-crucial-support-to-microfinance-bank-in-haiti/" target="_blank">to implement long-term financial services</a> to empower the Haitian people. Opportunity worked with <a  href="http://www.fonkoze.org/" target="_blank">Fonkoze</a>, the largest microfinance organization in Haiti, to help <a  href="http://www.newsweek.com/id/233334" target="_blank">restore their services</a>, getting them up and running in a matter of days, much earlier than local traditional banks. It was further proof that <a  href="http://www.opportunity.org/what-is-microfinance/" target="_blank">microfinance</a> institutions often have the power to impact people&#8217;s lives where traditional banks cannot.</p>
<p>To that end, reports CGAP blogger Chris Bold, the <a  href="http://www.gatesfoundation.org/foundationnotes/Pages/salah-goss-mobile-money-services-in-haiti-110110.aspx" target="_blank">Bill &amp; Melinda Gates Foundation</a>, in coordination with <a  href="http://www.usaid.gov/" target="_blank">USAID</a>, has made $10 million available for the <a  href="http://www.microlinks.org/ev_en.php?ID=46077_201&#038;ID2=DO_TOPIC" target="_blank">Haiti Mobile Money Initiative (HMMI)</a> to encourage mobile operators and banks to launch mobile money services. And on Monday, Jan. 10, they awarded $2.5 million to mobile operator <a  href="http://www.digicelgroup.com/" target="_blank">Digicel</a> and their partner, <a  href="http://www.scotiabank.com" target="_blank">ScotiaBank</a>.</p>
<p><a  href="http://technology.cgap.org/2011/01/11/haiti-could-mobile-banking-be-a-legacy-of-the-earthquake/" target="_blank">Here</a>, Bold interviews Greta Greathouse, Chief of Party for the USAID-funded <a  href="http://www.microlinks.org/ev_en.php?ID=41315_201&#038;ID2=DO_TOPIC" target="_blank">Haiti Integrated Finance for Value Chains and Enterprises project (HIFIVE)</a>, the group responsible for running the HMMI, discussing the ways in which mobile money and greater access to financial services can help people at the bottom of the economic pyramid:</p>
<p><strong>Why was mobile money seen as important in responding to the damage caused by the earthquake?</strong></p>
<p>Greathouse: &#8220;&#8230;In the days immediately following the earthquake severe liquidity problems mounted as banks remained closed. &#8230;[M]obile financial services had potential as a solution that would support many other relief efforts and hopefully leave a legacy of safe, easily accessible and affordable access to financial services for the poor even after the relief agencies had departed.&#8221;</p>
<p>Summing up the immense challenges in Haiti, Greathouse concludes, &#8220;Who has ever had to face the combined challenges of earthquake damage of apocalyptic dimensions, connectivity issues, hurricanes, cholera, post election violence, gas shortages all within the same year? Despite it all, the government of Haiti and the private sector, working together, have made mobile money services a reality for Haitians.&#8221;</p>
<p>To read the complete published interview on the CGAP Technology Blog, <a  href="http://technology.cgap.org/2011/01/11/haiti-could-mobile-banking-be-a-legacy-of-the-earthquake/" target="_blank">click here</a>.</p>
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		<title>Mourning with World Vision</title>
		<link>http://www.opportunity.org/blog/mourning-with-world-vision/</link>
		<comments>http://www.opportunity.org/blog/mourning-with-world-vision/#comments</comments>
		<pubDate>Thu, 11 Mar 2010 15:56:31 +0000</pubDate>
		<dc:creator>Opportunity International</dc:creator>
				<category><![CDATA[Strategic Partners]]></category>
		<category><![CDATA[Earthquake]]></category>
		<category><![CDATA[Pakistan]]></category>
		<category><![CDATA[World Vision]]></category>

		<guid isPermaLink="false">http://blog.opportunity.org/?p=943</guid>
		<description><![CDATA[Opportunity International mourns with World Vision for the loss of six staff members who were killed by gunmen in an attack on their office in Pakistan yesterday. The office focused on providing continued relief to the Mansehra District, where a devastating earthquake killed 80,000 in 2005. These World Vision staff members were local citizens who<a href="http://www.opportunity.org/blog/mourning-with-world-vision/"> Read more...</a>]]></description>
			<content:encoded><![CDATA[<p>Opportunity International mourns with World Vision for the loss of six staff members who were killed by gunmen in an attack on their office in Pakistan yesterday. The office focused on providing continued relief to the Mansehra District, where a devastating earthquake killed 80,000 in 2005. These World Vision staff members were local citizens who were dedicated to improving the lives of those in their community affected by poverty and disasters. Please remember in your prayers the families of these Pakistanis. We also pray for the full and speedy recovery of eight other workers who have been hospitalized, and for World Vision staff everywhere for their loss.</p>
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		<title>Opportunity International Provides Crucial Support to Microfinance Bank in Haiti</title>
		<link>http://www.opportunity.org/blog/opportunity-international-provides-crucial-support-to-microfinance-bank-in-haiti/</link>
		<comments>http://www.opportunity.org/blog/opportunity-international-provides-crucial-support-to-microfinance-bank-in-haiti/#comments</comments>
		<pubDate>Sat, 13 Feb 2010 00:40:56 +0000</pubDate>
		<dc:creator>Cynthia Greenwood</dc:creator>
				<category><![CDATA[Our Work]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[Where We Work]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[Earthquake]]></category>
		<category><![CDATA[Fonkoze]]></category>
		<category><![CDATA[Haiti]]></category>
		<category><![CDATA[Innovation]]></category>
		<category><![CDATA[Mobile Banking]]></category>
		<category><![CDATA[Newsweek]]></category>
		<category><![CDATA[Red Cross]]></category>

		<guid isPermaLink="false">http://blog.opportunity.org/opportunity-international-provides-crucial-support-to-microfinance-bank-in-haiti/</guid>
		<description><![CDATA[Fonkoze, the largest microfinance organization in Haiti, is being hailed for its distribution of cash more quickly than traditional banks after the earthquake destroyed the country’s banking infrastructure. Opportunity International has been playing a crucial supporting role to Fonkoze in getting the bank up and running after the disaster. After years of struggling to adapt<a href="http://www.opportunity.org/blog/opportunity-international-provides-crucial-support-to-microfinance-bank-in-haiti/"> Read more...</a>]]></description>
			<content:encoded><![CDATA[<p><a  href="http://www.fonkoze.org/">Fonkoze</a>, the largest microfinance organization in Haiti, is being hailed for its distribution of cash more quickly than traditional banks after the earthquake destroyed the country’s banking infrastructure. Opportunity International has been playing a crucial supporting role to Fonkoze in getting the bank up and running after the disaster.</p>
<p>After years of struggling to adapt traditional banking software to its microfinance operations, Fonkoze began working with Opportunity to implement the technology tools it needed to manage its operations. The same technology innovations Opportunity developed for its microfinance banks around the world are now used at Fonkoze.</p>
<p>When the earthquake struck, Fonkoze’s main headquarters and a number of branches were destroyed. Once Fonkoze was able to get its hardware set up again, Opportunity began working with them behind the scenes to restore their operations. Within four days, half of Fonkoze’s 42 branches were operational and all but two were ready within the week. The organization’s nationwide client base of 200,000 depositors (50,000 of whom area also borrowers) had access to the cash they so desperately needed to survive.</p>
<p>As a trusted institution in the community and through tools such a mobile banking, microfinance is now able to play an even greater role in disaster recovery. So much so that Newsweek is now asking, “Could microcredit be the next Red Cross?”</p>
<p>For news coverage of Fonkoze’s remarkable response, visit <a  href="http://www.newsweek.com/id/233334">http://www.newsweek.com/id/233334</a>.</p>
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		<title>The Tragedy in Haiti: How You Can Help</title>
		<link>http://www.opportunity.org/blog/the-tragedy-in-haiti-how-you-can-help/</link>
		<comments>http://www.opportunity.org/blog/the-tragedy-in-haiti-how-you-can-help/#comments</comments>
		<pubDate>Fri, 15 Jan 2010 20:38:03 +0000</pubDate>
		<dc:creator>Rob Meloche</dc:creator>
				<category><![CDATA[Strategic Partners]]></category>
		<category><![CDATA[Where We Work]]></category>
		<category><![CDATA[Compassion International]]></category>
		<category><![CDATA[Earthquake]]></category>
		<category><![CDATA[Fonkoze]]></category>
		<category><![CDATA[Habitat for Humanity]]></category>
		<category><![CDATA[Haiti]]></category>
		<category><![CDATA[World Relief]]></category>
		<category><![CDATA[World Vision]]></category>

		<guid isPermaLink="false">http://blog.opportunity.org/?p=755</guid>
		<description><![CDATA[At Opportunity International we are heartbroken over the horrible suffering and staggering devastation in Haiti. Please join with us in praying for the people of Haiti and supporting the ongoing relief effort. In this immediate aftermath, we would encourage you to consider supporting one of our partners with operations in Haiti or one of the<a href="http://www.opportunity.org/blog/the-tragedy-in-haiti-how-you-can-help/"> Read more...</a>]]></description>
			<content:encoded><![CDATA[<p>At Opportunity International we are heartbroken over the horrible suffering and staggering devastation in Haiti. Please join with us in praying for the people of Haiti and supporting the ongoing relief effort.</p>
<p><strong>In this immediate aftermath, we would encourage you to consider supporting one of our partners with operations in Haiti or one of the many other great organizations who are providing services in the country.</strong></p>
<p>A terrible tragedy like this demonstrates the vulnerability of those living in poverty, and reminds us of how much work remains to help strengthen poor communities around the world.</p>
<p>As President Obama recently said, &#8220;Few in the world have endured the hardships that you [Haiti] have known. Long before this tragedy, daily life itself was often a bitter struggle. And after suffering so much for so long, to face this new horror must cause some to look up and ask, have we somehow been forsaken?”</p>
<p>We join with the President and the international chorus of voices declaring, “You will not be forsaken; you will not be forgotten.&#8221;</p>
<p><strong>Partners with operations in Haiti:</strong></p>
<p>Compassion International<br />
<a  href="http://www.compassion.com/">http://www.compassion.com/</a></p>
<p>World Relief<br />
<a  href="http://worldrelief.org/">http://worldrelief.org/</a></p>
<p>Fonkoze<br />
<a  href="http://www.fonkoze.org/">http://www.fonkoze.org/</a></p>
<p> <strong>Other organizations supporting the relief and rebuilding effort:</strong></p>
<p>World Vision<br />
<a  href="http://www.worldvision.org/">http://www.worldvision.org/</a></p>
<p> Habitat for Humanity<br />
<a  href="http://www.habitat.org/">http://www.habitat.org/</a></p>
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