Fighting Poverty, Creating Jobs, Transforming Lives
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a y n Ke “Rather than try to combat poverty from the top-down, microenterprise fights poverty from the ground up by working directly to change the lives of those most affected by poverty.” Bishop Simon Chiwanga – founder from Tanzania
nd he fou s , a i malar ldren ft) ed of e i L d ( d n ix chi y , husba s Jo f o ar care Joy s da, ne aking n t After a g , U e n ct of f alo ng Distri hersel f givi o e l d a a b e a K k. Inst in the a bric border d e a t d r n a a loan she st the Rw small pair, s a e d h t able n Wi up i he was ness. s i s s u g b n nd i land a making me sav o f s o ust d e n c 0 a pie . In j s l h an k l c a i m r of $15 a s ks wit e b c k e i a s r m a b h o c f t 003, to pur orth o eople ince 2 w p S 0 t . 5 h e 1 g l ei her sold $ for sa employ nlarge , she e lable s i h o a t t v n a o s atoes four m l loan ng pot h $400 a i t n w r o o o i r w t g ory addi er to into invent everal llow h anded s a p x d s e e s v e s i busin so ha w can s rece m her She al who no o she ha r . s f s e s e s e y t busin emplo profi . The making ire 13 e h r k o c o t i t s r b mall, n and ng a s ucatio i d t e a r s e and op ildren her ch well. r o f e es as i l i m a provid r f t thei suppor
ough . Alth i r o z n h Rwe dous f Sout tremen o s e a s h e c ning t) nd, he he Dio h s trai u t s g o e r n i n a i r i s nda, a bu to get (below e, Uga ted in a lchair p e i e c h Elisha ves in Kases i w part on a li Elisha relies , 2 d Elisha 0 n 0 a team. 2 polio ssion i it! In s m r a i h s p t s e h ted alen ial sugges Five T reneur d a n a y b n entrep red ss pla r offe e and busine s i semina fitabl h o r d p e w s e 65. s evi n of $ busine a o s They r l i h t in ok ou o make Kasese sha to o i ways t t l E d e . sful nable return succes m a a e g t sustai n n runni ices! missio pprent Elisha a d When a e n v u i o ith f they f ness w i 2005, s u b epair shoe r
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Mission Statement Based on the parable of the talents (Matthew 25:14-30), Five Talents’ mission is to fight poverty, create jobs and transform lives by empowering the poor in developing countries using innovative savings and credit programs, business training and spiritual development. “Master,” he said, “You have entrusted me with five talents. See, I have gained five more.” His master replied. “Well done, good and faithful servant! You have been faithful in a few things; I will put you in charge of many things; enter into the joy of your master.” Matthew 25:20-21 Famine, Disease and Despair: The Origins of Five Talents Commended by resolution at the 1998 Lambeth Conference, Five Talents was created as a long term response to the ravages of poverty that debilitate communities in developing countries. The founders, including Anglican Church leaders, talked about the plight of the poor and those dying of famine, AIDS/HIV and other diseases. They wanted not only to assist but also to guard the dignity of the poor, many of whom survive on $1 a day, by supporting them in small businesses. Today, Five Talents is headquartered in Vienna, Virginia, at the Church of the Holy Comforter. We have an office in London, a regional director in Uganda, and have recently opened an office in the southeast US to coordinate our Latin American program and curriculum development. We are supported by many volunteers across the US and the UK.
What We Do We support indigenous institutions working in microenterprise development, primarily through the following services or programs: • Loan capital for the poor. • Consulting services, including assessments, implementation and evaluation of savings and credit projects. • Short-term mission trips for professionals who offer their business skills to assist fledgling entrepreneurs. • Training and education opportunities for micro-entrepreneurs. • Materials that promote Biblical foundations of business, e.g. accountability, planning, investment.
Why Five Talents? Consider this . . . • 50% of the world’s population of 6 billion people survives on less than $2 a day. • 20% of the world’s population survives on less than $1 a day. • 20% of the world’s children never reach their fifth birthday. • 50% of the world’s children suffer from some form of malnourishment. (Source: United Nations Human Development Report)
UGANDA
FIVE TALENTS .3
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a y n Ke “Rather than try to combat poverty from the top-down, microenterprise fights poverty from the ground up by working directly to change the lives of those most affected by poverty.” Bishop Simon Chiwanga – founder from Tanzania
nd he fou s , a i malar ldren ft) ed of e i L d ( d n ix chi y , husba s Jo f o ar care Joy s da, ne aking n t After a g , U e n ct of f alo ng Distri hersel f givi o e l d a a b e a K k. Inst in the a bric border d e a t d r n a a loan she st the Rw small pair, s a e d h t able n Wi up i he was ness. s i s s u g b n nd i land a making me sav o f s o ust d e n c 0 a pie . In j s l h an k l c a i m r of $15 a s ks wit e b c k e i a s r m a b h o c f t 003, to pur orth o eople ince 2 w p S 0 t . 5 h e 1 g l ei her sold $ for sa employ nlarge , she e lable s i h o a t t v n a o s atoes four m l loan ng pot h $400 a i t n w r o o o i r w t g ory addi er to into invent everal llow h anded s a p x d s e e s v e s i busin so ha w can s rece m her She al who no o she ha r . s f s e s e s e y t busin emplo profi . The making ire 13 e h r k o c o t i t s r b mall, n and ng a s ucatio i d t e a r s e and op ildren her ch well. r o f e es as i l i m a provid r f t thei suppor
ough . Alth i r o z n h Rwe dous f Sout tremen o s e a s h e c ning t) nd, he he Dio h s trai u t s g o e r n i n a i r i s nda, a bu to get (below e, Uga ted in a lchair p e i e c h Elisha ves in Kases i w part on a li Elisha relies , 2 d Elisha 0 n 0 a team. 2 polio ssion i it! In s m r a i h s p t s e h ted alen ial sugges Five T reneur d a n a y b n entrep red ss pla r offe e and busine s i semina fitabl h o r d p e w s e 65. s evi n of $ busine a o s They r l i h t in ok ou o make Kasese sha to o i ways t t l E d e . sful nable return succes m a a e g t sustai n n runni ices! missio pprent Elisha a d When a e n v u i o ith f they f ness w i 2005, s u b epair shoe r
FT_Brochure.indd 2-3
Mission Statement Based on the parable of the talents (Matthew 25:14-30), Five Talents’ mission is to fight poverty, create jobs and transform lives by empowering the poor in developing countries using innovative savings and credit programs, business training and spiritual development. “Master,” he said, “You have entrusted me with five talents. See, I have gained five more.” His master replied. “Well done, good and faithful servant! You have been faithful in a few things; I will put you in charge of many things; enter into the joy of your master.” Matthew 25:20-21 Famine, Disease and Despair: The Origins of Five Talents Commended by resolution at the 1998 Lambeth Conference, Five Talents was created as a long term response to the ravages of poverty that debilitate communities in developing countries. The founders, including Anglican Church leaders, talked about the plight of the poor and those dying of famine, AIDS/HIV and other diseases. They wanted not only to assist but also to guard the dignity of the poor, many of whom survive on $1 a day, by supporting them in small businesses. Today, Five Talents is headquartered in Vienna, Virginia, at the Church of the Holy Comforter. We have an office in London, a regional director in Uganda, and have recently opened an office in the southeast US to coordinate our Latin American program and curriculum development. We are supported by many volunteers across the US and the UK.
What We Do We support indigenous institutions working in microenterprise development, primarily through the following services or programs: • Loan capital for the poor. • Consulting services, including assessments, implementation and evaluation of savings and credit projects. • Short-term mission trips for professionals who offer their business skills to assist fledgling entrepreneurs. • Training and education opportunities for micro-entrepreneurs. • Materials that promote Biblical foundations of business, e.g. accountability, planning, investment.
Why Five Talents? Consider this . . . • 50% of the world’s population of 6 billion people survives on less than $2 a day. • 20% of the world’s population survives on less than $1 a day. • 20% of the world’s children never reach their fifth birthday. • 50% of the world’s children suffer from some form of malnourishment. (Source: United Nations Human Development Report)
UGANDA
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INDONESIA “The goals of Five Talents – fighting poverty, creating jobs and transforming lives – give substance to my personal goal of serving God. By feeding both the body and the soul, through small loans and Biblically-based business training, we can demonstrate the love of Christ.” Dr. April Young, Board Member and Senior Vice President with Comerica Bank
What is Microenterprise Development? Microenterprise Development provides poor entrepreneurs with training and loan capital to start and expand small businesses. By providing the poor with access to financial services, it enables them to break out of poverty.
Why Microenterprise Development? Microenterprise development (MED) has proven to be an efficient and effective method for fighting poverty and raising up entrepreneurs in developing countries. Where grants and giveaway programs have failed, Five Talents has provided platforms for long-term growth and stability. By teaching basic biblical principles and general business skills before providing loan capital, Five Talents ensures that the entrepreneurs and their communities benefit now and in the future. It is a very practical and sound approach to fighting poverty.
Philippine s
Local banks cannot afford the costs associated with lending small amounts of money to many micro-enterprises, nor can they offer loans to clients who can provide little or no collateral. The aim of MED is to fill this void which separates millions of people from access to basic financial services.
FIVE TALENTS .4
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What Type of Businesses are we Talking About? The businesses tend to be fairly simple in nature: shoemaking and repair, sewing, knitting, small retail shops, soap making, automobile repair, roadside food stands, brick making, piggeries, farming and many others. However, these businesses are the driving force for household and community development.
How we Work Five Talents targets those at the bottom of the economic ladder through a grassroots network within the worldwide Anglican Communion. We identify project sites and credible local non-governmental organization partners. We insist on strict reporting and make on-site visits to ensure good stewardship of our donors’ generosity. The Group is Key Group lending is a proven methodology with roots back into the early 1970s in Bangladesh. In general, small community banks are formed with 5-10 people from the community who self-select each other. Because each member of the group co-guarantees the loans of the others, there is peer pressure that ensures 85 to 100-percent repayment.
A I D N I
Ms Kunda Ramhuji Sakhare (Right) with her Kunda Sakhare lives in Nagpur, India, when she was only died er fath mother and two sisters., Her money so she and her sisters little seven years old. Kunda s family had They searched for jobs but were were not able to complete their studies. unable to find any. shop hosted by the Community Kunda attended an entrepreneur work Talents, and then applied for a loan Development Society, a partner of Five ived $70 and used the money to open to start her own business. Kunda rece s she has worked hard, and her a vegetable shop. Over the past few year , Kunda s mother and two sisters help business has grown significantly. Now each month! her with her shop and they earn $120
Mary (Left) ren. Following the Mary lives in Manila with her three child an independent me tragic death of her husband, she beca business was a success seamstress to support her family. Her the building destroying for five years until a fire ripped through Mary everything. Undaunted by this setback, microtwo opened a general store and received nd the loans from Five Talents to help her expa making shop and take classes to start a soap Five a nded business. In 2005 she atte Talents business training seminar to help her struggling new business. From the e seminar she gained valuable knowledg has y Mar ent. of business managem shared her blessings with those around ness her. She used the profits from her busi an now is y Mar ge! colle to send her two sons to ness busi a is and active participant in her community r entrepreneurs. “I have and spiritual counselor to othe , ugh the ups and learned to understand God s ways thro life. I have ness downs in both my personal and busi use of the been able to thrive, rise and survive beca Greater Glory of the Risen Lord!”
3/27/06 2:55:09 PM
INDONESIA “The goals of Five Talents – fighting poverty, creating jobs and transforming lives – give substance to my personal goal of serving God. By feeding both the body and the soul, through small loans and Biblically-based business training, we can demonstrate the love of Christ.” Dr. April Young, Board Member and Senior Vice President with Comerica Bank
What is Microenterprise Development? Microenterprise Development provides poor entrepreneurs with training and loan capital to start and expand small businesses. By providing the poor with access to financial services, it enables them to break out of poverty.
Why Microenterprise Development? Microenterprise development (MED) has proven to be an efficient and effective method for fighting poverty and raising up entrepreneurs in developing countries. Where grants and giveaway programs have failed, Five Talents has provided platforms for long-term growth and stability. By teaching basic biblical principles and general business skills before providing loan capital, Five Talents ensures that the entrepreneurs and their communities benefit now and in the future. It is a very practical and sound approach to fighting poverty.
Philippine s
Local banks cannot afford the costs associated with lending small amounts of money to many micro-enterprises, nor can they offer loans to clients who can provide little or no collateral. The aim of MED is to fill this void which separates millions of people from access to basic financial services.
FIVE TALENTS .4
FT_Brochure.indd 4-5
What Type of Businesses are we Talking About? The businesses tend to be fairly simple in nature: shoemaking and repair, sewing, knitting, small retail shops, soap making, automobile repair, roadside food stands, brick making, piggeries, farming and many others. However, these businesses are the driving force for household and community development.
How we Work Five Talents targets those at the bottom of the economic ladder through a grassroots network within the worldwide Anglican Communion. We identify project sites and credible local non-governmental organization partners. We insist on strict reporting and make on-site visits to ensure good stewardship of our donors’ generosity. The Group is Key Group lending is a proven methodology with roots back into the early 1970s in Bangladesh. In general, small community banks are formed with 5-10 people from the community who self-select each other. Because each member of the group co-guarantees the loans of the others, there is peer pressure that ensures 85 to 100-percent repayment.
A I D N I
Ms Kunda Ramhuji Sakhare (Right) with her Kunda Sakhare lives in Nagpur, India, when she was only died er fath mother and two sisters., Her money so she and her sisters little seven years old. Kunda s family had They searched for jobs but were were not able to complete their studies. unable to find any. shop hosted by the Community Kunda attended an entrepreneur work Talents, and then applied for a loan Development Society, a partner of Five ived $70 and used the money to open to start her own business. Kunda rece s she has worked hard, and her a vegetable shop. Over the past few year , Kunda s mother and two sisters help business has grown significantly. Now each month! her with her shop and they earn $120
Mary (Left) ren. Following the Mary lives in Manila with her three child an independent me tragic death of her husband, she beca business was a success seamstress to support her family. Her the building destroying for five years until a fire ripped through Mary everything. Undaunted by this setback, microtwo opened a general store and received nd the loans from Five Talents to help her expa making shop and take classes to start a soap Five a nded business. In 2005 she atte Talents business training seminar to help her struggling new business. From the e seminar she gained valuable knowledg has y Mar ent. of business managem shared her blessings with those around ness her. She used the profits from her busi an now is y Mar ge! colle to send her two sons to ness busi a is and active participant in her community r entrepreneurs. “I have and spiritual counselor to othe , ugh the ups and learned to understand God s ways thro life. I have ness downs in both my personal and busi use of the been able to thrive, rise and survive beca Greater Glory of the Risen Lord!”
3/27/06 2:55:09 PM
Renee (Left)
Renee Pacheco is a memb er of Las Tres Marias gro up. She sells breakfast to the people who work wh at is called the “Market of God,” in Pamplona Alta. She too k the loan to increase her capacity to sell sandwiches and juices . With the profits, she buys medic ines to treat one of her five children who has a skin infection . Several in her group ho ld regular prayer meetings to bolst er their faith. They also share parenting ideas with the community, and followup with them, to help reduce ch ild abuse and neglect. Because of her participa tion in the group, Renee describes herself as “a person of love, of faith and of devotion to Christ.”
Tsunami (Below)
“In February 2005, I wa s standing on a beach in South India, visiting with traumatized village rs who had just lost eve rything they owned in the Tsunami. I wonde red how they would eve r recover from this tragedy. Many had lost not only relatives and friends, but also their means of livelihood to the devastating waves.
Today, I am beginning to see an answer as more tha n 600 people in five villages are receiving help. Formed into self-help gro ups with training and funds provided by Fiv e Talents International, these villagers are starting to pool their mo ney together to restart their businesses with dignity and make small loa ns to group members.” Craig Cole, Executive Dir ector, Five Talents Internation al
“I have got an intense understanding that God has invested a lot into me. He expects a return on investment. God gives you gifts and talents and you are accountable for those talents.” David Bussau, co-founder Five Talents and 2004 Entrepreneur of the Year, Australia Where we Work We have provided funding, consulting or training in the some of the poorest countries in the world since operations fully began in September 1999. We have financed thousands of $50 to $300 loans to poor entrepreneurs in nine countries, including Bolivia, Honduras, India, Indonesia, Kenya, Uganda, Nigeria, Peru and the Philippines. In the year 2005, we invested in over 10,000 poor entrepreneurs and their families, a majority of them women. Each loan finances a business that in turn supports at least 5 other people! Our consulting and training services have impacted hundreds more in Cameroon, Madagascar, Rwanda and Tanzania. Investment in the Poor That Keeps Working As a viable tool to help the poor, micro-credit is one of the few concepts that keeps funding in circulation, rather than using it up. As loans are repaid with interest, the money goes back out again and again. The Future is Bright Our goal is to have 50,000 recipients in our daily loan portfolio and impact one million people through loans, training and education programs by 2008. To do so, we will need to raise $3.6 million. The funding will come from individuals, companies, foundations as well as churches and dioceses.
S A R U HOND
Peru
Can You Make a Difference? Yes! You can make an enormous difference. Microenterprise development is a very efficient way to help people. • On average, one job is created per every $200 loaned. • Each job supports about 6 people. • A gift of $1,000 in the first year provides 5 jobs. That means 30 people will be supported. • The multiplier effect – your gift over 5 years generates an additional $1,195 in interest for business training and services and provides 24 additional jobs. How Can You Help? God has called us to love our neighbors and to share with them from our abundance. As we seek to expand our work to new areas of the world, you can: • Pray for the people we seek to serve and also for the Board members, volunteers and staff of Five Talents around the world. • Participate by accompanying Five Talents on a short term business mission trip to a developing country; involving your organization in our work; volunteering in our local offices. • Contribute financially. Your contributions are a true investment in the lives of the poor. Because these are loan programs and not grants, your funding will be regenerated many times over helping more and more poor entrepreneurs. For more information about our programs, please visit www.fivetalents.org. In the USA, Five Talents is a 501c3 organization. Your gifts are tax deductible to the full extent of the law. In the UK, Five Talents is a registered company and donations are eligible for Gift Aid.
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a i v i l o B
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Renee (Left)
Renee Pacheco is a memb er of Las Tres Marias gro up. She sells breakfast to the people who work wh at is called the “Market of God,” in Pamplona Alta. She too k the loan to increase her capacity to sell sandwiches and juices . With the profits, she buys medic ines to treat one of her five children who has a skin infection . Several in her group ho ld regular prayer meetings to bolst er their faith. They also share parenting ideas with the community, and followup with them, to help reduce ch ild abuse and neglect. Because of her participa tion in the group, Renee describes herself as “a person of love, of faith and of devotion to Christ.”
Tsunami (Below)
“In February 2005, I wa s standing on a beach in South India, visiting with traumatized village rs who had just lost eve rything they owned in the Tsunami. I wonde red how they would eve r recover from this tragedy. Many had lost not only relatives and friends, but also their means of livelihood to the devastating waves.
Today, I am beginning to see an answer as more tha n 600 people in five villages are receiving help. Formed into self-help gro ups with training and funds provided by Fiv e Talents International, these villagers are starting to pool their mo ney together to restart their businesses with dignity and make small loa ns to group members.” Craig Cole, Executive Dir ector, Five Talents Internation al
“I have got an intense understanding that God has invested a lot into me. He expects a return on investment. God gives you gifts and talents and you are accountable for those talents.” David Bussau, co-founder Five Talents and 2004 Entrepreneur of the Year, Australia Where we Work We have provided funding, consulting or training in the some of the poorest countries in the world since operations fully began in September 1999. We have financed thousands of $50 to $300 loans to poor entrepreneurs in nine countries, including Bolivia, Honduras, India, Indonesia, Kenya, Uganda, Nigeria, Peru and the Philippines. In the year 2005, we invested in over 10,000 poor entrepreneurs and their families, a majority of them women. Each loan finances a business that in turn supports at least 5 other people! Our consulting and training services have impacted hundreds more in Cameroon, Madagascar, Rwanda and Tanzania. Investment in the Poor That Keeps Working As a viable tool to help the poor, micro-credit is one of the few concepts that keeps funding in circulation, rather than using it up. As loans are repaid with interest, the money goes back out again and again. The Future is Bright Our goal is to have 50,000 recipients in our daily loan portfolio and impact one million people through loans, training and education programs by 2008. To do so, we will need to raise $3.6 million. The funding will come from individuals, companies, foundations as well as churches and dioceses.
S A R U HOND
Peru
Can You Make a Difference? Yes! You can make an enormous difference. Microenterprise development is a very efficient way to help people. • On average, one job is created per every $200 loaned. • Each job supports about 6 people. • A gift of $1,000 in the first year provides 5 jobs. That means 30 people will be supported. • The multiplier effect – your gift over 5 years generates an additional $1,195 in interest for business training and services and provides 24 additional jobs. How Can You Help? God has called us to love our neighbors and to share with them from our abundance. As we seek to expand our work to new areas of the world, you can: • Pray for the people we seek to serve and also for the Board members, volunteers and staff of Five Talents around the world. • Participate by accompanying Five Talents on a short term business mission trip to a developing country; involving your organization in our work; volunteering in our local offices. • Contribute financially. Your contributions are a true investment in the lives of the poor. Because these are loan programs and not grants, your funding will be regenerated many times over helping more and more poor entrepreneurs. For more information about our programs, please visit www.fivetalents.org. In the USA, Five Talents is a 501c3 organization. Your gifts are tax deductible to the full extent of the law. In the UK, Five Talents is a registered company and donations are eligible for Gift Aid.
FT_Brochure.indd 6-7
a i v i l o B
FIVE TALENTS .7
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Well done,
good and faithful servant. Matthew 25: 23
Five Talents International P.O. Box 331, Vienna, VA 22183 (703) 242-6016 • (800) 670-6355 www.fivetalents.org
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Five Talents UK 70 Milton Road, London W7 1LE United Kingdom • 020 8567 2430 www.fivetalents.org.uk
3/27/06 2:55:28 PM