Five Talents U S A
Five Talents U S A
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About this organization
Mission
Five Talents empowers the poor in developing countries by helping the poor to start and grow their own small businesses. As a faith based organization, our vision is to eradicate extreme poverty by restoring human dignity and creating strong, sustainable communities. Working closely with local partners, Five Talents uses a proven model that helps families and communities learn to budget, save, invest, develop, and grow small businesses. Since 1998 we have worked in some of the poorest and most overlooked areas of the world, developing savings groups and community banks, and providing financial literacy and business skills training. When you partner with Five Talents, you offer hope and opportunity to the world's most vulnerable poor.
About
FIVE TALENTS SIGNS MEMORANDUMS OF UNDERSTANDING WITH MICROENTERPRISE DEVELOPMENT PARTNERS TO OPERATE COMMUNITY SAVINGS AND LENDING PROGRAMS IN DEVELOPING COUNTRIES. THESE DOCUMENTS PROVIDE FOR FUTURE FUNDING FROM FIVE TALENTS BASED ON MUTUALLY-AGREED UPON PLANS. FIVE TALENTS ALSO RECEIVES FUNDS DESIGNATED FOR CERTAIN PROGRAMS AND COUNTRIES. BELOW IS A BRIEF SUMMARY OF FIVE TALENTS IMPACT BY COUNTRY THROUGH 2019: LATIN AMERICABOLIVIA - FIVE TALENTS HAS WORKED IN THE MOUNTAINOUS AREAS OF SOUTHERN BOLIVIA FOR OVER A DECADE REACHING OUT TO FAMILIES LIVING IN EXTREME POVERTY. IN PARTNERSHIP WITH SEEDS OF ...CONTINUED ON SCHEDULE OCONTINUED FROM PAGE 2... BLESSING, FIVE TALENTS FACILITATES SMALL BUSINESS DEVELOPMENT THROUGH TRAINING, MENTORSHIP, AND COMMUNITY SAVINGS AND LOANS. PARTICIPANTS JOIN SMALL SAVINGS GROUPS AND RECEIVE TRAINING IN BUDGETING, SAVING, COST OF CREDIT, BUSINESS PLANNING, NUTRITION AND DISCIPLESHIP. THEY LEARN HOW TO INVEST IN AND GROW SMALL BUSINESSES. CURRENTLY, ABOUT 250 FAMILIES ARE MEMBERS AND 75% DESCRIBE THE BIGGEST CHANGES IN THEIR LIVES AS HAVING SAVINGS AND BEING BRAVE ENOUGH TO IMPROVE THEIR LIVES.ASIAINDONESIA - FOR WELL OVER A DECADE, FIVE TALENTS HAS PARTNERED WITH THE GERHATI FOUNDATION TO SERVE OVER 14,000 ENTREPRENEURS IN THE URBAN SLUMS OF JAKARTA. PROGRAM PARTICIPANTS GAIN ACCESS TO MICRO-BUSINESS LOANS, PARTICIPATE IN A SAVINGS PROGRAM, AND RECEIVE TRAINING IN BUDGETING AND OTHER BUSINESS SKILLS. THEIR FAMILIES, MANY OF WHICH FACE UNHEALTHY LIVING CONDITIONS, ALSO GAIN ACCESS TO FREE MEDICAL CLINICS SEVERAL TIMES A YEAR. MYANMAR - FIVE TALENTS HAS WORKED IN MYANMAR ALMOST A DECADE WITH MOTHERS UNION AND THE PROVINCE OF MYANMAR TO CATALYZE MICROENTERPRISE DEVELOPMENT. FIVE TALENTS' PROGRAMS HAVE FOCUSED ON THE CREATION OF SAVINGS AND LOAN GROUPS IN RURAL AND UNDEVELOPED REGIONS OF IRRAWADDY DELTA, YANGON, MANDALAY, SITTWE, HPA-AN IN KAYIN STATE, AND MYITKYINA IN KACHIN STATE. SAVINGS GROUP MEMBERS ESTABLISH OR DEVELOP THEIR OWN BUSINESSES AND OFTEN WORK TOGETHER TO FORM COOPERATIVES. A VARIETY OF AGRICULTURAL BUSINESSES HAVE BEEN DEVELOPED INCLUDING THE PRODUCTION OF RICE, COFFEE, CHILI, TEA, MUSHROOMS, BEANS, BETEL PALM PRODUCTS, TURMERIC POWDER, SOAPS, LOTIONS, AND NATURAL BEAUTY PRODUCTS. AFRICABURUNDI - BURUNDI IS THE WORLD'S MOST RURAL COUNTRY WITH 90% OF THE POPULATION ENGAGED IN FARMING. IT IS ALSO ONE OF THE WORLD'S POOREST COUNTRIES WITH 70% SUBSISTING ON LESS THAN ONE DOLLAR PER DAY. ONLY 5.2% OF WOMEN HAVE HAD ACCESS TO A HIGH SCHOOL EDUCATION. FIVE TALENTS PARTNERS WITH THE MOTHERS UNION AND THE ANGLICAN CHURCH IN BURUNDI TO OFFER TRAINING IN LITERACY AND NUMERACY, BUSINESS SKILLS, AND THE FORMATION OF COMMUNITY SAVINGS GROUPS. TO DATE, OVER 50,000 PEOPLE, MOSTLY WOMEN, HAVE JOINED COMMUNITY SAVINGS AND LOAN ASSOCIATIONS. MEMBERS HAVE ACCESS TO MENTORSHIP, BASIC FINANCIAL SERVICES, AND EMERGENCY FUNDS. EIGHTY PERCENT OF THESE GROUPS ARE NOW SELF-MANAGING.DEMOCRATIC REPUBLIC OF CONGO - IN 2018, FIVE TALENTS BEGAN A NEW MINISTRY IN THE DIOCESE OF ARU, IN THE NORTHEASTERN CORNER OF DR CONGO. OVER THE PAST YEAR, FIVE TALENTS HAS WORKED TO MOBILIZE CHURCH AND COMMUNITY LEADERS, AND THE TRAINING AND MENTORING OF STAFF AND COMMUNITY WORKERS, WHILE LAUNCHING NEW LITERACY GROUPS IN 60 DIFFERENT COMMUNITIES. KENYA - FIVE TALENTS BEGAN WORKING IN KENYA WELL OVER A DECADE AGO AND HAS SERVED COMMUNITIES IN EMBU, THIKA, NAKURU, AND KERICHO. IN 2018, FIVE TALENTS SUPPORTED THE FORMATION OF A NEW PROGRAM SERVING THREE DIOCESES IN WESTERN KENYA. PARTICIPANTS IN THESE PROGRAMS LEARN KEY SKILLS IN FINANCIAL MANAGEMENT AND BUSINESS DEVELOPMENT. THEY ALSO ENGAGE IN COMMUNITY-OWNED AND MANAGED, SAVINGS GROUPS MEETING TOGETHER ON A WEEKLY BASIS. MOST MEMBERS START AS SUBSISTENCE LEVEL FARMERS, BUT MANY END UP DEVELOPING THEIR OWN SMALL BUSINESSES. TO DATE, FIVE TALENTS HAS SERVED OVER 16,000 MEMBERS IN KENYA AND FORMED THREE COMMUNITY BANKS. SOUTH SUDAN - FIVE TALENTS HAS WORKED SUCCESSFULLY IN SOUTH SUDAN AND SUDAN FOR OVER A DECADE AND IS ONE OF THE FEW ORGANIZATIONS THAT HAS WORKED TO DEVELOP A SUSTAINABLE MODEL FOR MICROFINANCE IN THE COUNTRY. WORKING IN PARTNERSHIP WITH WORLD CONCERN, MOTHERS UNION, AND THE EPISCOPAL CHURCH OF SOUTH SUDAN, FIVE TALENTS HAS SERVED OVER 30,000 MEMBERS WITH BUSINESS SKILLS TRAINING AND ACCESS TO COMMUNITY SAVINGS AND LOANS. IN ADDITION, OVER 16,000 WOMEN AND MEN HAVE BEEN ACCREDITED IN LITERACY AND NUMERACY. IN 2018, FIVE TALENTS PROGRAMS FOCUSED ON WESTERN BAHR EL GHAZAL, WARRAP STATE AND DISPLACED COMMUNITIES AROUND JUBA, WHILE SUPPORTING THE DEVELOPMENT OF A NEW PROGRAM IN RENK IN UPPER NILE. TANZANIA - FIVE TALENTS HAS WORKED IN TANZANIA FOR OVER A DECADE WITH A VARIETY OF LOCAL PARTNERS TO PROVIDE FINANCIAL INCLUSION SERVICES TO THE RURAL POOR. THIS INCLUDES PROVIDING OVER 11,000 WOMEN WITH ACCESS TO COMMUNITY SAVINGS AND MICRO-LOANS FOR LOCAL DEVELOPMENT. IN 2018, FIVE TALENTS PROGRAMS FOCUSED ON THE REGION OF MOROGORO, WHERE 81% OF THE POPULATION SUBSISTS ON LESS THAN $2.50 PER DAY. OVER THE NEXT SEVERAL YEARS, FIVE TALENTS' AIM IS TO REACH OVER 2,500 FAMILIES IN THE REGION WITH TRAINING AND TOOLS TO DEVELOP THEIR OWN SMALL BUSINESSES.
Interesting data from their 2020 990 filing
The non-profit's aim, as indicated in the filing, is “Five talents mission is to transform lives through economic empowerment. five talents vision is to eradicate extreme poverty by restoring human dignity and creating strong, sustainable communities. five talents works to combat poverty in the... continued on schedule ocontinued from page 2... developing world by: (1) equipping community leaders to care for the poor and less fortunate, (2) empowering poor families with knowledgeand skills to read, write, save, and invest, and (3) developing community savings groups and helping families to launch and grow small businesses.”.
When referring to its functions, they were specified as: “Five talents works to eradicate extreme poverty.”.
- The non-profit has reported their operating state as VA, as required by law.
- As stated in the filing, the non-profit's address in 2020 was PO BOX 331, VIENNA, VA, 22183.
- The non-profit's form reports a total of 9 employees as of 2020.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $96,688.
- The organization has 12 independent voting members.
- The organization was formed in 1999.
- The organization pays $324,534 in salary, compensation, and benefits to its employees.
- The organization pays $135,055 in fundraising expenses.