April 21, 2014
Month of Microfinance "Autobiographies" Blog
"When it was my turn to receive a loan ($15), I was happy. I bought a crate of oil, and I felt very relieved. My business made a lot of profit. Something that I really like [about participating in a savings group] is that we learn each week something good for our family and business."
September 26, 2013
"In recent weeks, Nancy Palmarini has been visiting via motorcycle a small community that sits on the edge of a landfill on the outskirts of Jakarta, Indonesia, in the Cipayung Subdistrict. Most of the women there generate income for their families by scavenging for bottles, chunks of plastic and food, selling their finds for a few cents. Nancy, a community development officer with the Jakarta-based Gerhati Foundation, is trying to convince them that other opportunities for income are out there – beyond the waves of rubbish."
Former Chambersburg woman meets Archbishop of Canterbury
Public Opinion Online
"We [Five Talents] facilitate business training for women who are disadvantaged and marginalized, we teach them how to borrow and save to start an income-generating business," Patterson said. "Groups of women come together, draw up their own constitution, borrow what is needed, and set their own repayment terms. They may save only a dollar or two, but they value what they earn and it is helping to break the cycle of poverty."
July-August 2013, pp. 100-101
"The way it works is Five Talents will provide small loans to people who are interested in starting a business or working in some way, with a focus on holistic development of entrepreneurs in developing countries. Over the last dozen years, almost $5 million has been invested in nearly half a million people."
June 30, 2013
Five Talents may be headquartered out of a small office in Vienna, but the non-profit group has helped start many new businesses across the globe. The organization, now based in 12 countries worldwide, provides financial support for those who need it. But rather than just sending a check, Five Talents helps communities start businesses with the goal of creating long-term financial stability.
June 24, 2013
Some non-profit groups provide essential services during emergencies around the world, then pack up and head off to the next crisis.
Not so with Five Talents, a Vienna-based organization that uses micro-loans and educational programs to help people in foreign countries achieve independence and take care of their families and communities.
November 30, 2012
Being a nonprofit allows Five Talents to focus less on achieving returns and more on providing clients with tools such as business training and savings opportunities, tools that ensure the responsible management of funds and increase the likelihood of repayment.
"We are not a commercial for-profit microfinance institution. We are a nonprofit organization sending grant funding to organizations to enable them to reach the poorest of the poor in the unreached communities where other MFIs will not go because its not 'profitable for them,'" explained Sonia Patterson, Executive Director of Five Talents.
August 17, 2012
Northwest Asian Weekly
As the only Burmese in the group, Anne Ni facilitated training without a need for a translator. She is cognizant of the reality that many Christians in Myanmar tend to have a negative view of business enterprises. With a lack of ethical business models, a common perception is that business owners scrounge and cheat. Ni and her colleagues aim to provide a different perspective to business models in Myanmar.
June 20, 2012
Relevant magazine, July 2012
For those fighting poverty in countries impacted by natural disasters, ravaged economies or broken political systems, dignity provides a sense that an individual, a family or a community is worth preserving and sustaining, regardless of circumstances. Creating jobs is one of the fundamental parts of restoring that sense of dignity, so rather than providing a temporary respite, Five Talents utilizes microloans, business training and financial education to help recipients form long-lasting small businesses that are built to grow—and thrive.
May 2, 2012
Chambersburg Public Opinion
Sonia Harter Patterson, a 1988 graduate of Chambersburg Area Senior High School, is the new executive director of Five Talents, a growing Christian microenterprise development organization. Patterson, daughter of the Rev. Dr. William Harter, Chambersburg, Pa., and the late Linda Harter, brings 15 years of experience in developing business, non-governmental and community relations in the United States, Latin America, the Middle East, Africa and Asia.