MISSION
Fighting poverty, creating
jobs and transforming lives
by empowering the poor in
developing countries using
innovative microcredit and
savings programs, business
training and spiritual
development
OUR FOUNDING
• Commended at
Lambeth Conference,
1998 (Resolution V.2f)
• Vision of Bishop
Chiwanga of
Mpwapwa, Tanzania
• First donation made
by George Carey
OUR ROLE
• Work with local, church-based
sponsors to design micro-economic
development programs
• Provide training
• for microcredit program development
and management
• for saving, borrowing and building a
business
• Facilitate the formation of savings
group networks
• Provide funding for operations and
loan capital
A CREATIVE SOLUTION
• By taking a small loan of
about $100, Joy was able to
start a brick-making
business in Uganda.
• She returned her
investment four times
within a year!
TWO BASIC GROUP-BASED MODELS
• Credit-led
•
•
•
•
Traditional microfinance
External capital
Major cities and towns
Uganda, Peru, Indonesia,
Philippines, India
• Savings-led
• Many poor want a place to save
money
• Internal capital
• Reaches rural areas/post-conflict
• Sudan, Myanmar, Burundi, India
CYCLE OF SUCCESS
Program Development
Repayment
& Recycling
Group Formation
Saving & Planning
Lending & Mentoring
Spiritual Development
PROGRAM CHARACTERISTICS
• Based on groups as
fundamental building blocks
•
•
•
Mutual support and development
Fellowship
Shared accountability
• Early focus on savings
culture
•
•
•
Handling money
Safety net
Source of capital
• Augment savings with small,
short term loans
•
•
•
•
•
Loans to individuals, but
“guaranteed” by the group
$50-$200
Short term (4-9 months)
Interest rates 2%-4% per month
Increase loan size with
demonstration of success
WHAT MAKES US UNIQUE?
• A “philanthropic microfinance”
organization
• Relational in nature – “heart of a
pastor; mind of a banker”
• Five Talents is based on Christian values
• Inspired by the Parable – hard work,
risk-taking, accountability
• Five Talents reaches into high-risk areas
• Working in post-conflict and disaster
areas
• Five Talents works with the local church
• Provide local presence, accountability,
credibility and infrastructure
PROJECTS AROUND THE WORLD
Currently
working in 12
countries:
Five Talents has
funded more than
$5 million in loan
capital, business
training and set-up
costs.
Worldwide, Five Talents
programs have served more
than 65,000 clients with
120,000 loans - impacting
more than 1 million lives.
More than
two-thirds of
these clients
are women.
Peru, Bolivia,
Indonesia,
India,
Philippines,
Uganda, Kenya,
Tanzania,
Sudan, South
Sudan,
Burundi, and
Myanmar.
TRANSFORMATION IN PERU
•
For most of Lidia’s life, she felt she
had all she needed. However, after
four children, she separated from her
first husband and was abused by her
second partner. “I decided that God
did not exist,” she said.
•
Thanks to her women friends in her
loan group, Lidia came to realize that
God was her refuge. Each of her
children have since given their lives to
God.
•
“I am very grateful to ECLOF (and
the Anglican Diocese), which
addresses the spiritual aspects of our
lives, unlike other credit institutions.
God has blessed us and we will never
forget to always trust in Him for
everything.”
MICRO-CREDIT FILLS A GAP
• 1.5 billion people without
access to financial services
• Microfinance is now reaching
180 million clients
• Conventional aid has limited
effectiveness
• The poor want a safe place
to save money
• Micro-enterprise growth is
cash-constrained
POORER AND RISKIER
The Story of
Amat Wuot
Community
Bank in
Lietnhom,
South Sudan
HOW YOU CAN HELP
•Pray
•Pledge
•Participate
“You gave me five talents. Look,
I have earned five more!”
COMMUNITY TRANSFORMATION
Transforming
individuals, then
families, then
communities…
Our website: www.FiveTalents.org
Facebook: facebook.com/FiveTalentsUSA
Twitter: @FiveTalents