Because of you, entrepreneurs can capitalize on their talents and reach their potential. As their incomes grow, they nourish and educate their children and create jobs for their neighbors, jumpstarting the economy in their communities. As of June 30, 2012, Opportunity had more than 2.8 million clients investing loans into income-generating activities, doubling its outreach in one year. Nearly 1.16 million are saving to bring stability to their families. With your help, we create opportunities through savings, loans, insurance and training. We are honored by your trust in our stewardship of your investment.
Opportunity International’s Global Outreach Q2 2012
Loan Clients Deposit Clients
2011 Q2 2012 Q2 2011 Q2 2012 Q2
DR Congo 2,455 4,455
Ghana 168,910 206,678 301,599 362,525
Kenya 7,796 8,054
Malawi 54,918 57,491 381,643 471,250
Mozambique 11,313 13,897 45,914 52,274
Rwanda 36,454 41,135 62,164 86,795
South Africa 4,380 3,848
Tanzania 3,839 7,568
Uganda 20,395 19,368 38,901 62,012
Colombia 17,788 8,882
Dominican Rep. 14,396 13,292
Mexico 6,923 6,522
Nicaragua 26,432 23,798
Peru - 1,879
Honduras - 12,106
Macedonia 7,278 7,034 8,178 8,498
Romania 2,072 2,032
Serbia 10,480 12,938 11,473 15,075
China 784 769
India 75,396 1,338,711
Indonesia 71,312 78,876
Philippines 929,625 934,835 51,739 99,539
Global 1,472,946 2,804,168 901,611 1,157,968
Thank You for your support of Opportunity’s ministry. Your gifts are directly impacting families across the globe. Mother and sole provider of four, Ndershioso struggled to provide for her family by buying fruit from local farms and selling it in nearby markets. Before joining the Amaniya-bwana (Peace of the Lord) Trust Group in Tengeru, Tanzania, and receiving her first loan of $260, she found it very challenging to grow her business – she could only buy 28 bananas at a time. With the help of Opportunity Tanzania, Ndershioso has increased her buying power, more than doubling her income. She is very grateful for the transformation her family is achieving – now all of her children are in school, something that would have been impossible without your support.
Communities Around the World are Powered by Opportunity
Thank you for your partnership. Because of you, our clients have been able to capitalize on their talents and reach their potential. As their incomes grow, school fees are paid, homes are improved, health care is accessed and jobs are created, which benefits both families and larger communities. Our clients’ success radiates to everyone and everything that surrounds them, yielding community-wide improvements. At year-end 2011, Opportunity had nearly 2.7 million clients using loans to grow income-generating businesses. One million savings accounts provide stability to vulnerable families. The savings, loans, insurance, training and sense of community that Opportunity fosters all serve to power lasting change around the world.
Opportunity International’s Global Outreach
Loan Clients Deposit Clients
2010 2011 2010 2011
DR Congo 4,455
Ghana 144,258 190,914 267,165 333,235
Kenya 7,341 8,862
Malawi 51,152 53,536 308,726 411,840
Mozambique 9,243 13,962 37,218 52,427
Rwanda 30,381 40,662 49,580 75,029
South Africa 4,176 4,284
Tanzania 3,093 7,230
Uganda 19,699 19,504 28,003 36,510
Colombia 21,663 11,918
Dominican Rep. 13,144 13,659
Mexico 6,259 7,482
Nicaragua 28,593 25,180
Macedonia 7,132 7,339 7,813 8,522
Romania 2,117 2,018
Serbia 9,145 11,881 9,571 12,915
China 743 742
India 83,373 1,248,411
Indonesia 77,839 66,744 3,264
Philippines 899,412 941,428 51,739 104,558
Global 1,431,928 2,680,211 759,815 1,038,829
Opportunity's Millionth Savings Clients: Faith and Frank Rubanda of Mubende, Uganda
Your support empowers inspiring entrepreneurs like Faith and Frank, who dreamed of owning a tailor business.They had the skills and work ethic, but lacked capital. The husband-wife team lived on the profits of a small dairy business and managed their finances resourcefully, but with seven children saving was impossible. The dream was outof reach.
Then Frank and Faith became Opportunity's one millionth savings client and their dreams began to come true.
With your help, Opportunity Uganda opened a branch in rural Mubende, bringing the couple closer to their dream. With a loan,training and significant support, Faith and Frank are now the town’s only designers of custom, hand-crafted suits. The couple’s success gave them the confidence and capital to expand from one sewing machine to employing seven people from the community. They are now seeking to open additional storefronts. “Opportunity bank came to Mubende by way of a miracle,” says Frank. “We were pleased to be the first to open a savings account.”
As a mother, wife and business partner, Faith, too, is enjoying a new feeling of optimism. “When the tailor shop first opened, I struggled to address customers,” she says. “Now I have the confidence to raise my head and look at them when I make transactions.” Previously, the cost of school uniforms had been a barrier for the family. Today all seven children are in school, and their proud mother is forming a plan to send them to a private school. Frank enjoys having his wife for his business partner; he looks at his wife with respect.
Focusing on Responsible and Client-Centered Microfinance
In less than 40 years, microfinance has spread around the world, today providing access to credit and other financial services to more than 205 million poor clients, most of whom were previously ignored by mainstream financial institutions. From modest roots, microfinance has built a global network of institutions dedicated to serving low-income people. It has transformed our understanding about the power of opportunity.
In early 2011, a group of CEOs from microfinance organizations that work globally began to have regular, informal conversations about the future of the microfinance sector as it matures and faces new challenges. They found that the leaders of various organizations shared many of the same values and concerns, including a desire to work together to help improve our organizations and advance the industry. At this moment, microfinance has an opportunity to build on past successes, learn from, and respond to the challenges it faces in order to be a more responsive, responsible, and transformative industry. By taking sincere and systematic action, we can build more successful financial institutions that help change the lives of the people we serve.
Highlights from their January 2012 meeting: The Challenges... Client Focus and Responsible Finance
"We believe deeply that microfinance is a powerful tool for improving the lives of the poor and that the field has not yet reached its full potential. The microfinance industry has much more work to do. However, in order for the industry to continue to serve as a vital and creative force in the world, it must recognize and actively address several issues that are crucial to its continued success. First, the microfinance industry must raise its standards of responsibility to clients. Second, the sector must create real, measurable, social and economic value for clients. We envision a microfinance industry that protects its clients, is transparent, and measures and achieves social outcomes and impact."
Read more... http://www.opportunity.org/press-releases/road-map-for-the-microfinance-industry-focusing-on-responsible-and-client-centered-microfinance/#.TzmVosVSQsd
Opportunity International is implementing innovative agricultural microfinance in rural communities across Africa. Opportunity’s banks in Ghana, Malawi, Uganda, Mozambique and Rwanda share a vision to transform the future of rural communities by reaching over 1.3 million savings accounts and 94,000 smallholder farmers with agricultural finance services by 2013.
As of June 2011, these five banks were collectively serving 174,155 clients with active loans, 37,483 of whom are smallholder farmers and rural or agriculture business operators. The biggest success story is Opportunity’s provision of savings, which continues in its significant upward growth trend with 717,311 clients with savings in these five banks.
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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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