Five Talents microfinance initiative launches first annual review

Former Archbishop of Canterbury, Lord Carey, spoke recently in London at the first UK Annual Review of Five Talents – the microfinance initiative of the worldwide Anglican Church.

He explained how he had made the very first donation to help start Five Talents at the Lambeth conference 1998. Shortly afterwards Five Talents headquarters was established in the USA, and the UK charity started in 2005.

Lord Carey emphasised that Five Talents is about “empowering ordinary people, mostly women, in developing countries to start or expand a small business”. Lord Brian Griffiths, also present, spoke about Five Talents as a “bottom-up initiative for people of faith or no faith to create wealth and eradicate global poverty.”

RevJonathan Byamugisha from Five Talents Uganda talked about Five Talents work in
his country.

The Five Talents UK Annual Review 2006 marks significant progress from the charity’s launch in October 2005. £104,000 has been raised to the end of 2006 and first disbursements have been made to projects in Peru, Uganda, Kenya, Indonesia and Philippines.

Five Talents is currently supporting loan programmes in six countries in Latin America, Africa and Asia with plans to expand to more countries in 2007/08. The UK charity aims to quadruple its overseas giving during 2007.

Five Talents had 12,000 clients at the end of December 2006, a 61% increase year on year. 2007 objectives include the establishment of new projects in Kenya, Southern Sudan, Dominican Republic, Tanzania and Cambodia.

Lord Carey said: “We have got an ambitious programme which is going to take a lot of faith and commitment. I appeal to each one of you to get behind Five Talents UK.”

Tom Sanderson, UK Executive Director of Five Talents commented: “It’s been a fantastic first year – we are now self-supporting and making a demonstrable impact with Five Talents projects around the world. We now want Five Talents UK to quadruple its overseas giving during 2007 – turning Five Talents into 20 rather than the 10 in the parable!”

“Master,” he said, “you entrusted me with five talents. See, I have gained five more.” (Matthew 25:20)

  • Pictured are (from left) Rev Jonathon Byamugisha (Five Talents Uganda), Lord Carey and Tom Sanderson (Five Talents UK) outside the House of Lords

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