In 1989, Opportunity International began operations in India, home to the largest global concentration of impoverished people. Although regulatory uncertainty in India continues to make loan disbursement difficult, Opportunity India today serves more than 1.4 million clients throughout the country, and disburses 98 percent of its loans to women.
Because of your support we have been able to provide the following financial, products services and training to women in India:
With your support, we are meeting the unique needs of the women we serve in India through targeted financial services and products that make a practical, holistic transformation in their daily lives. This project on GlobalGiving has reached its fully funded status!! Thank you for all your help. All recurring donations in existance to this project will be rolled over to a similar Opportunity International program in the Philippines. Please email email@example.com with any questions about this projects closure due to being funded completely!
Because of your generous support, women like Suvarna are able to overcome the hardships associated with chronic poverty. With access to financial services, families no longer have to fear tomorrow. Just a small loan can give a hardworking entrepreneur the opportunity to achieve life-changing transformation. With the proper tools, our clients are able to accomplish their dreams and build secure futures. Your commitment to Opportunity has changed everything for Suvarna and the women in her community.
Meet Opportunity Loan Client, Deepa. Deepa is a jewelry maker living in Chennai, India.
Deepa comes from a marginalized gypsy community in an unhealthy living environment. Before joining Opportunity, Deepa used to collect and sell waste paper, earning less than $2 a day.She felt stuck in poverty until she heard about Opportunity International's banking services. She was able to secure her first loan of US $55 from Opportunity and purchased plastic Tiffin boxes to sell in the market, which still netted her a meager income. So she decided to take out a second loan of US $146. WIth the loan, she bought materials to create necklaces that she sold at the local market for a good price. For the first time in her life, she was able to make a sustainable living.
The gypsy women in Deepa’s community noticed her success and asked her for her help. She taught them how to make the beautiful necklaces and gave them advice on selling them.The women became Opportunity clients too and took out loans of their own.
Now, every Friday, the entire community gathers at the market to sell their products, working as a team. This is how just one loan can make the difference in a community. It empowers women to make a sustaibable living and teach others who are struggling in their community to do the same. Your contributions to Opportunity International have helped to lift communties out of the debiliating cycle of poverty.
India has the largest concentration of the poor globally, with over 840 million people living on less than $2 per day. Opportunity is achieving widespread impact in India through 14 institutions, including Growing Opportunity Finance, serving 1.4 million clients through 739 branches across 190 districts in 19 states.
India has the largest concentration of the poor globally, but since October 2010, microfinance investors and lenders throughout India were forced to slow lending or step out. In December 2011, the Reserve Bank amended microfinance regulations to allow some microfinance practitioners with proven fair practices, like Opportunity, to reengage in the microfinance sector. Our Dia Vikas partners like Growing Opportunity Finance (GO Finance) are positioned to return to our former level of growth and impact in India.
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Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.
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