News Blog
Opportunity Staff Interview on BBC Radio 2
Listen today! BBC Radio 2‘s Jeremy Vine interviews Nick Lea, development economist and an Opportunity trustee, and Lydia Baffour Awuah, head of Africa programs at Opportunity UK. Recording of interview is only available until 2:02 p.m. GMT+1 on Tuesday, Aug. 30th (9:02 a.m. EST in the United States). Listen to the 10-minute interview by clicking here. ** (The interview runs 34:09-44:44.) Lydia Baffour Awuah Lydia shares that over 20 years ago her mother got her first microloan, investing it in…
Read MoreLast Chance to Triple Your Impact–The Banking on Africa Summer Campaign Ends Tonight
Congratulations! Because of your support, our Banking on Africa campaign has reached its $75,000 summer goal, making crucial progress toward the day when all people in Sub-Saharan Africa will be able to access powerful financial services that enable them to break the cycle of poverty. Inspired by your enthusiastic support, the 2-to-1 match has been extended until the campaign closes tonight at 11:59 p.m. PST. This is your last chance to triple your gift’s impact, creating lasting change in the…
Read MoreTop 5 Creative Fundraisers by International Nonprofits
Last February, 29 super-dedicated young professionals and entrepreneurs went to Orlando, Florida to jump out of a plane, skydiving to raise funds and awareness for Opportunity Tanzania‘s microfinance initiatives. Inspired by our supporters’ fundraiser at 18,000 feet, we entered Jump for Opportunity as the “Most Creative Fundraiser by a Charity” in this year’s Classy Awards. If you like our fundraiser, you can vote for Jump in the Classy Awards by clicking here. Of course, we’re not the…
Read MoreMy First Trust Group Experience, a Traveler’s Report from Uganda
We rose early today and split into two groups with ours visiting a Trust Group in Kampala, which is the bustling capital of Uganda. We meandered down the shopping district, winding our way through an orderly confusion of shops, street vendors and a sea of humanity. It was hot and dry and the red dust rose over the marketplace like a cloud mixing itself with the heavy smell of outdoor cooking and fumes from the boda bodas as they streaked by. We found our destination, which was one of two wooden covered…
Read MoreMeet Thomas, a Loan Officer in Moshi, Tanzania
Meet Thomas. Thomas is a loan officer in the Moshi branch of Opportunity Tanzania. When I asked him about himself he said he likes hip hop music, traveling, and helping out clients. His Trust Group adores him, as they should, he is a wonderful man who helps out whenever possible. We talked about some of the challenges of being a loan officer on the bus ride to a Trust Group meeting and he confided in me that he doesn’t like disappointing clients by not meeting all of their needs but tries hard…
Read MoreEmpowerment through Microfinance–Meeting Rwandan Microfinance Client Dorosera Mukagahima
Dorosera Mukagahima made our long two-hour bus ride worth the trek to her remote village. She’s the elected treasurer in her Trust Group of about 30, mostly women. In her business she buys and sells goats—about three at a time. She proudly told us of her sturdy mud brick home with a metal roof, situated on an acre of land that she owns. Life hasn’t always been this good. She explained that a couple years ago when she joined the Trust Group her “brain was closed.” She says she was confused,…
Read MoreUnlocking Potential Through the Power of Education
Opportunity’s financial products, educational programs and business training help impoverished families, especially women, develop their capacity to the fullest. Where poverty is the way of life, people’s potential is often overshadowed by the struggle to survive. But when equipped with the right tools, even the most vulnerable are able to change their own world and create a better future for their children. We stand alongside our clients with a mission to provide those tools—the financial…
Read MoreAn Outstanding Group of Ugandan Microfinance Clients
These people meet weekly in this very, very rough setting to repay their loans. They must each be current on their payments for the group to be deemed current. They all are. On their own (not an idea from the bank) over the past few years this informal group has established a “reserve fund.” The fund is now “over reserved” so as a group they are buying a motor scooter and hiring a driver to start a taxi service owned by the group. Amazing. I am just blown away. They have done this on an average…
Read MorePhoto Blog: We’re Banking on Africa
This summer, Opportunity has launched the Banking on Africa Campaign. The campaign aims to bring millions of Sub-Saharan Africans closer to the day when they can safely deposit their savings, access loans to grow businesses, and purchase affordable insurance to protect their families—right in their own communities. Check out a photo tour below of some of the countries we’re serving in Sub-Saharan Africa. For more on the Banking on Africa Campaign, check out opportunity.org/africa.
Read MoreBreaking Down Barriers & Building Access Through Microfinance Innovations
Targeted to reach the most marginalized, Opportunity’s financial products help hardworking people overcome the inherent obstacles of poverty and build a more stable, secure and fulfilling life. Throughout the developing world, people are excluded from access to financial services by barriers like meager, unsteady income; illiteracy; gender bias; expensive transportation and geographic isolation. To address these challenges, Opportunity carefully crafts savings, loan, training and insurance products…
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