Wednesday, October 29, 2008

Pray for the Crisis In Congo

The crisis in DR Congo has halted our microfinance programs in Goma, DR Congo.

We will keep you updated on the peace process and how our staff and clients are doing.

Please keep World Relief in your prayers and please consider donating to support our disaster response efforts.

Thursday, October 23, 2008

SEEP Network Meetings 4 - 7 Nov VA

World Relief will be participating on a panel about non-profit organizations and MFI divestiture.

World Relief has brought on a number of partners to their microfinance institutions. This has been a tool for strengthening the MFI, and has had the positive impact of also monetizing long-term assets for reinvestment.

The MFIs have benefited from increased growth, and technical support.

Find out more by attending the SEEP network meetings.

Sunday, October 19, 2008

Financial Crisis and Microfinance

The financial crisis could affect our microfinance programs. There were two in particular that we were looking to bring in additional partners. It looks like we could have some problems with bringing those partners on board.

It may also be more difficult for our microfinance programs to borrow money. Which will then reduce the liquidity of the programs, slow their growth and reduce customer confidence.

Our savings programs are somewhat protected. The money is held by the clients, they lend their own capital and until they become more mature, they wont need access to debt.

We know it is also going to be difficult for donors to give. This could mean that we may find it difficult to raise enough money to train people in the savings for life methodology. And we may not be able to find enough donors for our microfinance institutions.

We will keep you updated on whether we meet our targets. In the meantime, if you are thinking of giving to World Relief, please consider our Microfinance programs. Click Donate Now and designate your donation to Microenterprise Development.