2012 Annual Report: Part II

Our Programs Abroad The heart of our annual report is summed up in the explanation of why we exist as an organization - that is, to empower people to rise above poverty. Here, we take a look at some of the tools and program opportunities that create this picture of holistic development. Two of the program aspects highlighted in this year's report are the Savings And Credit Cooperative and the Mentorship Program. Learn more about how the combination of these efforts help produce lasting change... Also, read the full versions of our mentor interviews in our recent blog posts... 'MENTOR INTERVIEW: UGANDA' | 'MENTOR INTERVIEW: PERU' - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Excerpt from annual report... The Power of Having Access to Capital Akot Beatrice, one of the beneficiaries of the SACCO, managed to save 600,000 UGX (approx. $240 USD) in her account and subsequently asked for a loan of 2,500,000 UGX over the period of one year from the SACCO. Once approved in August of last year, she purchased a motorcycle to be used for a taxi-service and to increase her source of income. At 2% interest per month on a declining balance, she managed to repay the complete loan in less than a year by leveraging her extra income. She now owns the motorcycle and it is providing her a net income of 200,000 UGX (approx. $80 USD) per month. Upon completion of the first load she applied for a second loan of 1,200,000 UGX and used it to buy 3 cows and 10 goats. This is the power of enabling an individual with the knowledge and resources to chance their own circumstances. This is empowerment. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - VIEW & DOWNLOAD A COPY OF OUR MOST RECENT ANNUAL REPORT HERE