• Opportunity Rwanda client Florence Brady had the chance to meet.

    CaptionOpportunity Rwanda client Florence Brady had the chance to meet.

    Brady Josephson, who served as the National Director, Marketing & Communications for Opportunity International Canada for the past year, is moving on this week but before he left he posted one last time on OpportunityCan. In his post titled "5 Things I Love About Opportunity International" he boils down all the things he loves about Opportunity to the following five things (you can read the full post here):

    1. Stating that the poor are worth it

    One of the most powerful experiences I've had was in Colombia at a Trust Group meeting where woman after woman (with a couple of men) stood up tall, looked us in the eye, talked about their business, where they started and where they are now, how they are helping their family and what their dreams for the future were. One woman even got a little choked up and thanked us for helping her get a loan. That's when it hit me that with every loan, every savings account, every and insurance policy we aren't just providing financial services but we are making a statement... that they are worth it... that we believe in them. So much so that we will treat them like any other business and give them a loan, with interest, and trust they'll pay it back. We are saying, you are worth it! Powerful.

    2. Recognizing the potential of the poor

    Not everyone is an entrepreneur but all entrepreneurs should have the opportunity to be. And while not everyone needs a loan, savings account or insurance policy they should at least be able to access them. Because when they can't their potential is hidden, squelched and buried. How do we even know what those living in poverty are capable of if we don't give them a chance? Financial services, with training... can't stress that enough, are a means to access that limitless and untapped potential.

    3. Focus on innovation

    While I was in Rwanda I had the chance to see Opportunity's agricultural finance program up close and personal. This is one of my favourite programs/projects/ideas in the entire world (literally) and not just because there are banks on wheels, cell phone technologies and crop yield improvements. It is because the program is designed to reach more people with the services that they need to improve their lives. It is not cheap. It is not a purely financial decision. It is a response to the fact that over 70% of Rwandans are involved in agriculture, like many Sub-Saharan African countries, and yet there are few financial products/programs that are seeking to address some of the very unique issues they face on a day-to-day basis.

    4. Numbers

    I love numbers. I've kept made up stats for mini-sticks games. Charted my own statistics for video games. Collected baseball cards, obsessed over fantasy sports and enjoy a good spreadsheet. Numbers also tell stories and the world of microfinance and Opportunity are full of numbers. Loan portfolios, portfolio at risk, loans to women, repayment rates, average loan sizes, and the list goes on. The best part about all these numbers is that they are not about how many hits Derek Jeter has on Thursday night games in Ohio but about real people whose lives are being impacted.

    5. People

    CEO's who work for free, mentors who continually teaching me things, co-workers around the world working together, loan officers who are the hands and feet of our work and of course... Jim Frantz. Clients who work harder in a day then we do in a week without complaint working for a purpose, for a family, for a future. I've been lucky to get to know so many of them even just a little bit and I'm better for it.

    What is it that you love about Opportunity? Let us know in the comments below or on Facebook.

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    Unlocking the potential of the poor. That is the purpose of microfinance when used correctly. Damian von Stauffenberg in his interview with PovertyCure states: “What creates wealth? People create wealth. The source of wealth is inside our head; it’s our creativity. It’s not even our muscles; it’s our creativity, something we’ve been endowed with.… And if you have a vast reservoir of poor people living in these slums … that is a source of untapped wealth that far exceeds the biggest oil reserves you could possibly find underneath your soil. That is really your source of wealth. It’s tapping that potential that’s there, that’s unused.”

    Learn more about how Opportunity International uses microfinance to tap into the unused potential of millions of clients around the world at opportunityinternational.ca/microfinance.

    About Damian von Stauffenberg

    Damian von Stauffenberg is the founder of MicroRate, the world’s first rating agency specializing in microfinance. Through its Latin American and African subsidiaries, MicroRate has conducted over 500 ratings of microfinance institutions in Latin America, Africa and Eastern Europe. Before dedicating himself to microfinance, von Stauffenberg worked for 25 years in the World Bank and its private sector affiliate, the International Finance Corporation (IFC).

    Video produced by PovertyCure, an international network of organizations and individuals (Opportunity International Canada being one of them) seeking to ground our common battle against global poverty in a proper understanding of the human person and society, and to encourage solutions that foster opportunity and unleash the entrepreneurial spirit that already fills the developing world.

  • Local women washing yucca

    CaptionLocal women washing yucca

    By Abbi Antablin from Opportunity International US on March 12, 2012

    A pungent, unfamiliar, almost rancid but still sweet, scent hit my nostrils: freshly ground yucca meets a growling grinder. Five men man the contraption: one filling the large funnel, one jamming a large stick into the funnel to feed the yucca chunks into the grinder, one scooping the pulp out of the bottom, one shoveling the pulp into a sack, and one, well, doing a great job holding the sack. I’ve eaten yucca fries and mashed yucca, but this is not a culinary operation.

    Stuffed-full sacks of yucca pulp are put into a compressor that squeezes the water out. Fifty already-smashed sacks are piled in the corner, contents ready to be emptied onto large black tarps to dry in the midday sun. An acre of field behind the plant is dedicated to rows of tarp. Some rows have wood framed screens propped up to allow breeze to flow above and below the pulp to speed up drying. The air is sweeter and less musty in the field, but still tangy and fermented.

    A diesel motor catches my attention as a yellow truck pulls into the gate in front of the Opportunity Nicaragua plant. Fifty young women chatting in the shade of nearby trees make their way to a tented slab of concrete at the sound of the truck. They sit on orange crates in slightly haphazard circles, waiting for young men to deliver their truckload of yucca, pulled from the ground early this morning. The women peel the yucca efficiently and skillfully, each filling their own orange crate. Opportunity International pays the women by the weight of the crate at the end of an eight-hour shift. At talk of buying a yucca peeling machine, the women protest saying they like the work. Most households in the area are multi-generational with one to two family members working part-time. These women are thrilled to have steady work for good wages. Day workers are organized into teams of five. Opportunity staff communicates hours and days with a team leader who then gathers up the team on work days.

    Young men carry the crates of peeled yucca to the side yard where big blue plastic tubs of water wait encircled by more women donning white aprons. The women give the yucca a quick wash and scrub before passing them on to the five men at the grinder. It’s a very well-orchestrated operation. And it’s all designed to help 300 farmers get the best margin from their yucca harvest.

    The “gold” of the yucca plant is the starch that can be derived from its ugly, brown, tubular roots. Watching 50 people take one farmer’s yucca harvest from ground to starch makes obvious the need for cooperation and mechanization. Yucca is a cranky crop. Its roots are extremely impatient and begin to rot just 24 hours after being pulled from the ground. There are a few ways to extend the life of a harvested yucca: dipping it in wax, which requires a waxing tub; keeping it cool, which requires refrigeration; or peeling, washing, grinding, pressing and drying, which requires the lengthy process described above.

    Yucca also suffers from class discrimination, and class or quality can vary greatly from plant to plant, and even within a plant. A-quality yucca is suitable for wax-dipping and sale in the market. B-yucca is best suited for starch and flour processing. C-quality yucca can really only be sold for farm feed. Each quality fetches a different price. The more A yucca in a field, the more money the farmer can earn… if he can sell and deliver before it begins to rot.

    Impoverished farmers living hand-to-mouth have little chance of selling A, B, or C yucca for a profit. There are too many barriers. As such, they end up as price takers in a precarious market. Enter Opportunity Nicaragua’s processing plant.

    Opportunity sends out agronomists like Helen and Hawell to partner with farmers in the region. They teach techniques to increase yield, such as planting yucca seeds horizontally in softened earth rather than vertically in unturned soil. At harvest time, Helen and Hawell take a sampling of yucca from a 10-meter by 10-meter plot to assess the average quality of the harvest. Opportunity buys the farmer’s entire yield at current market price based on the assessment. An Opportunity truck arrives at the farmer’s land on the day of harvest to quickly take the yucca directly to the plant for processing. Because the farmer is able to sell his whole crop at a fair price without waste or spoiling, he increases his income significantly and can plan for the upcoming seasons.

    “Successful farming is all about mitigating risk,” says David Kone, executive director of Opportunity Nicaragua. When farmers can count on a buyer and a fair price for their best yucca, they can invest in their homes and land, build savings, and send their children to school.

    Finish reading on the Opportunity International US blog here.

  • Caregiver and community leader Monica Koranteng (center, in yellow)

    CaptionCaregiver and community leader Monica Koranteng (center, in yellow)

    By Diane Ferguson from Opportunity International US

    When I’m having a rough week, I take a quick break to remember Opportunity‘s clients, like Monica Koranteng, who is most definitely a Proverbs 31 woman.

    Meet Monica: she watches over the affairs of her household, and does not eat the bread of idleness.

    Before being introduced to Opportunity Ghana, Monica worked as a “hawker,” selling her wares on the streets of Madina. Most days she wasn’t sure if she could sell enough to eat. Finding it nearly impossible to continue in her situation without losing the dignity she held on to so tightly, Monica was forced to seek financial aid. That’s when a friend told her about Opportunity Ghana’s Madina branch.

    Three years later, Monica not only followed her dream to get off the streets but she has also expanded her business and invested her increased income to purchase her own container converted into a shop.

    Today, Monica stands taller and smiles more often. She has traded her tattered garments for the clothes of strength and dignity. She is a member of the Far and Away Trust Group, where her role as mentor, friend and encourager has earned her the position of group leader. Previously a very reserved person, she is now socially empowered by the trials and success of her journey. Monica has risen to become a role model in her church and has found a way to give back–she reaches out her hands to her neighbors in poverty, and extends her arms to the needy by taking on the care of two young girls, Hannah and Janet, through the Compassion International Caregiver program.

    She says, “During hard times, the support I receive from Opportunity enables me to remain in business; I can take care of my family. I hope to use future loans to expand my business so I can continue to support my community and provide a university education for Hannah and Janet.”

    This was originally posted on the Opportunity International US blog and can be read in full here.