News Blog
3 Ways Opportunity International Will Tackle Poverty in Mozambique This Year
Opportunity Mozambique is providing over 57,000 impoverished clients with loans, savings and insurance to catalyze sustainable economic development across the country. In 2013, Banco Oportunidade de Moçambique (BOM) will reach more impoverished families through the following three strategies, among others: Investing in Savings Expansion with New Products and Promotions. Savings help protect low-income families against shocks, smooth household consumption, enhance business productivity and empower…
Read MoreOpportunity International joins forces with Carly Fiorina’s One Woman Initiative
Opportunity International today announced a dynamic partnership with Carly Fiorina and the One Woman Initiative to empower an additional two million women living in poverty through financial resources, education and training to build sustainable futures. As a Global Ambassador to Opportunity International, Fiorina will lend her voice and influence to Opportunity’s efforts to build a network of women investing in women to end the cycle of poverty. Now under Opportunity’s umbrella, the One Woman…
Read More“I Have a Dream” for an End to Poverty: Martin Luther King’s March on Washington
Martin Luther King, Jr. led 250,000 people in the “March on Washington” in August 1963. On the national mall, Dr. King delivered his “I Have a Dream” speech. In it, he called for an end to inequality in American society, peaceful reconciliation among races and ethnic groups, and social and economic justice. Today, 50 years later, Martin Luther King’s words inspire us to fight for justice at home and around the world. At Opportunity International, we’re moved by King’s impassioned…
Read MoreAn Opportunity for Scrooge & the Untapped Power of George Bailey
Bathed in the spotlight, Ebenezer Scrooge towered above the audience, sitting atop a 10-foot-tall desk in the opening scene of “A Christmas Carol.” My eye was drawn to the sign posted in front of his shop: “Scrooge and Marley Money Lenders.” It dawned on me that Scrooge was, in reality, a tight-fisted microfinance lender who cared only for personal financial gain rather than the success of his clients. As an Opportunity International staff member, I internalized this as I’ve always known…
Read MoreBrighten Your Black Friday and Give the Gift of Opportunity
This holiday season, as you hunt for the perfect gift, consider giving friends, family and co-workers an Opportunity Gift Card to bring hope and opportunity to clients like Patience Dameh of Ghana (right). Your friends can use Opportunity Gift Cards to empower some of the millions of clients around the world like Patience who use Opportunity International loans and financial services to grow their businesses, employ their neighbors and feed their children. Patience Dameh owns of one of the most vibrant…
Read MoreWith a Grant from Citi Foundation, Opportunity Brings Financial Solutions to More Colombians
Opportunity opened a financially-regulated, full-service bank to serve people living in extreme poverty in Bogotá, Colombia in early October. Leveraging a grant from Citi Foundation, a long-time supporter of programs promoting the economic empowerment and financial inclusion of low-income people, we’re developing the capacity to conduct formal banking transactions, including interest-bearing savings, with the goal of reaching 37,000 savings clients and mobilizing $40 million in deposits over the…
Read MoreCredit Suisse Celebrates 10 Years of Microfinance
Congratulations to our corporate partner Credit Suisse on achieving 10 years of leadership in microfinance. Opportunity International CEO Vicki Escarra participated in two panel discussions, both of which highlighted innovations in products and delivery mechanisms to reach and serve clients more effectively. “We take a private equity approach by providing leadership and financial training as well as health and welfare education around that loan,” she said. Today, Opportunity provides financial…
Read MoreGet Revved Up! It’s National Coffee Day
Today is National Coffee Day in the U.S. and as baristas around the country hand out free cups of joe, we wanted to share with you the faces of some of the people who grow the stuff that fuels our busy lives! Josephat Nivin, in front of his home in Kinyamakobe, Uganda. Coffee farmer Teddy Namagembe, of Mubende, Uganda. Mubende coffee farmer Rapheal Kulumba with coffee cherries. Coffee cherries in a tree near Mubende. Meet Josephat Nivin of Kinyamakobe, Uganda Like many farmers in Uganda, Josephat…
Read MoreClinton Global Initiative 2012: Momentum on Women’s Empowerment, Global Food Security
The Clinton Global Initiative annual 2012 meeting wrapped up this past Tuesday. This year’s theme, Designing for Impact, provided a three-day podium for today’s leading ideas intent on creating more opportunity and equality in our increasingly interconnected world. This year’s distinguished attendees included President Barack Obama, presidential candidate Mitt Romney, President Joyce Banda (of the Republic of Malawi), former U.K. Prime Minister Tony Blair, and President Felipe Calderón (of…
Read MoreLend Your Voice to The Global Appeal for Responsible Microfinance
The following post was originally published on the Center for Financial Inclusion blog by Meghan Greene, Manager of the Microfinance CEO Working Group, the Center for Financial Inclusion at Accion. Today, in front of the 3,000 attendees of the Convergences 2015 World Forum in Paris, microfinance leaders unveiled the “Global Appeal for Responsible Microfinance,” a landmark document that urges all microfinance stakeholders to take concerted action to ensure a strong and principled microfinance…
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