Posts tagged with: micro-lending

“For as the soil makes the sprout come up and a garden causes seeds to grow, so the Sovereign Lord will make righteousness and praise spring up before all nations.” -Isaiah 61:11

Jean Marie owns a restaurant and farm in southern Rwanda. After his first year in business, he worked with Urwego, a local micro-finance partner with HOPE International, to secure a loan to purchase more animals and improve his land’s fertility.

Today, he employs 8 people, supports 11 orphans, and has 5 children:

His story is another great example of how something as simple as access to capital can be a key to achieving success and stability in the developing world. And yet Jean Marie’s story points to something even more crucial: a love for Jesus, faithful obedience, and the fruit of both across family, community, and enterprise. (more…)

As we’ve noted before, the Planet Money team is on the ground in Haiti getting a hands-on look at the economic situation after the disaster. Today they broadcast a moving story of an entrepreneur who lost all her capital in the earthquake. Now she totes a 30+ lbs. bin of chicken necks to make a few dollars a day.

The story is a testament to the power of micro-finance, the complications of an international import operation, and the bookkeeping practices of a purveyor of chicken necks. Check it out and visit the Planet Money blog tomorrow to get the follow-up on how Yvrose fared with her lender.