Executive Summary Five Talents Uganda, a new Anglican microfinance institution, officially opened its doors to the community in June 2006. An exciting expansion of Five Talents International, this organization seeks to assist thousands of poor entrepreneurs using a combination of micro-loans, business training and spiritual development.
Five Talents has been working in Uganda since 2001 in partnership with the Church of Uganda (Anglican). Three microfinance programs have been established in Kabale, Kasese and Kampala.The Church of Uganda, in collaboration with Five Talents, decided to consolidate these three programs under one legal organization, creating an efficient delivery system for financial services to the poor. The new office will serve as the primary point of contact for all work undertaken by FTI in Uganda, including short-term trips for business professionals to conduct seminars for the clients.
Under the new structure, Five Talents Uganda is able to expand effectively into other parts of the country.This expansion has been the largest single undertaking Five Talents International has taken on during its history.
Click here to view a 9-minute Five Talents Uganda video!
Click here to read the blog of Simon Lee, a Five Talents UK volunteer, who worked with Five Talents Uganda in microenterprise development in 2007-08.
Funding Opportunities
Services offered by Five Talents Uganda
Loan Capital: Credit facilities for individuals, reinforced by training groups of five to 10 people, to help grassroots entrepreneurs start or expand their own small businesses.
Business Training: Business training, using on-the-ground techniques suited to loan recipients who may or may not be literate, will cover credit management, group leadership, wise investment, and project management.
Microenterprise Consulting: Support, often provided in partnership with community-based organizations, designed to strengthen new and existing microenterprise programs.Note: 10 percent of gifts will be kept by Five Talents International for much needed support costs.
Biblically-Based Economic and Spiritual Development: Micro-credit loans and business training in a setting that provides a Christian context and encouragement, available through a diocesan- and church-based network of services.
