Five Talents International Announces New Microcredit Program in Sudan

from Earned Media

VIENNA, Virginia, -- Five Talents International announced today it will be funding an innovative microcredit program in southern Sudan, an area that is transitioning from the ravages of more than 20 years of war. Almost three years after a peace agreement, hundreds of thousands are still internally displaced and others who have found a home are looking to rebuild their shattered lives.

Working with a consortium of partners including the Episcopal Church of Sudan, Five Talents will be assisting a village banking project in Wau Diocese, which was started in September 2005, and currently has 270 members. This is one of the first projects of this type in southern Sudan.

"We have a Christian imperative to reach those who are living in extreme conditions," said Craig Cole, executive director of Five Talents International. "Life must get better for those affected by generations of war. Creating jobs is one way to transform these communities."

The services provided through this project will include adult education (beginning with literacy training), local savings mobilization, business development training, Biblical values in the marketplace training, small business development investing and rural microcredit provision.

"This program starts by teaching fundamentals and, over time, members build on those fundamentals and are able to support their families through businesses," said Suzanne Schultz, Five Talents International Director of Program.

Five Talents' invitation to participate in this consortium, which includes World Concern, World Relief, Economic Projects Trust Fund of the Navigators, Stromme Foundation and Integra Foundation, was based on Five Talents' experience and knowledge in working with church leaders, ability to increase capacity within these types of projects, and experience with business-skills curriculum relevant to beginning entrepreneurs.

"Because of the turmoil, many organizations are not working on the foundations for long-term development," Cole said. "We are one of a few organizations attempting to rebuild the economy and communities' ability to be self sufficient."

Five Talents hopes this program will be a model that can be expanded and replicated into other parts of the Wau Diocese and across Sudan, if funding is found.

"It will take time and there will be business risk involved, but we feel this project can be replicated using the church network and other partners," Cole said.

Established in 1999, Five Talents International has provided funding for business training and thousands of loans, ranging from $50 to $300, in 14 countries across Africa, Asia, and Central and South America. Each loan finances a microbusiness that, in turn, supports up to six other people. A majority of the loan recipients are women.

Five Talents' ongoing work is supported by a staff based at the Church of the Holy Comforter in Vienna, Va., and an office in London. Hundreds of volunteers across the United States and United Kingdom participate in the ministry. For more information and to donate, visit www.fivetalents.org