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2-29-1996 6.02PM
FROM FINCA" INTERNATIONAL 202682 535
P.2
June
193
DRAFT REMARKS FOR HiLLARY CLINTON'S VIDEO FOR FINCA
To FINCA. its friends and supporters:
I want io congratulate FINCA International on ten years of providing much-needed small
loans to the poor. I would have liked w be present on the occasion of FINCA's tenth
anniversary gala, but unfortunately, previous commitments demand my attention on this
day. I did, however, want to tell you how important I think your work of bringing credit
to those without opportunities is.
To truly help the poor, both at home and abroad, we must help them to raise their own
incomes. This is the vasis for any long-term solution to poverty. Most of us also realize
that the poor are capable and hardworking: what they lack is not initiative, but
opportunity. FINCA has taken this idea to heart. And through its 2,500 village banks, it
has provided the poor with opportunity - the opportunity to star! small businesses, to
borrow small amounts of money to help those businesses grow, to prove that they are
creditworthy, and. most important, the opportunity to improve their inn lives. FINCA
engages in economic development & the grassroots level, where it can take root and
grow. and produce amazing results.
1 saw those results first hand on my visit to the FINCA Village Bank "Mujeres Unidas"
Mothers United in Managua, Nicaragua. None of the women 1 met was wealthy as 1
result of her participation in viliage banking. But the stories that members told me
indicated that their lives had clearly improved. Village banking had enabled many of
them G work to carry through the ideas they had for helping to support their families.
It had helped their fledgling businesses -- selling tortillas, sewing clothing, baking bread.
- in grow and thrive. Orten, the women began with no more money than the amount it
takes to buy goods in buik, such as com meal, fabric, or flour But though small, these
loans of $50 to $300 had made a difference. They had allowed the women to produce
more, to earn more, and is save.
The Nicaraguan village bankers were proud that their carnings had improved the welfare
O! their families proud that they had become productive members of the community.
They had become a network of support for one another, 100, giving their chosen
"Mothers United" special meaning. I was touched to hear that. after my visit, the village
bank voted to change its name to "Mothers United with Hillary I am proud as any
mother would be to be counted among those who are working !O make a better world
for our children.
1 know how hard many of you must have worked over the past ten years to bring village
banking to the more than 60,000 families in Africa. Asia and the Americas whom FINCA
serves. I am particularly pleased to know that FINCA is taking its methodology to the
former Soviet Union and 10 our own country T urge you to continue bringing hope.
opportunity, and economic vitality into forgotten neighborhoods of the world.
draft
FIRST LADY HILLARY RODHAM CLINTON
VIDEOTAPED REMARKS for FINCA's 10TH ANNIVERSARY GALA AND AUCTION
February 15, 1996
I am so happy to congratulate FINCA International on a
decade of helping our world's less advantaged men and women help
themselves. I only wish I could speak to you in person.
The basis for any long-term solution to poverty rests in a
community's ability to help those living in poverty raise their
own incomes. Most of us realize that the poor are capable and
hardworking. What they lack is not initiative, but opportunity.
FINCA has taken this idea to heart. Through 2,500 local banks
here and around the world, FINCA has provided the disadvantaged
with opportunity -- the opportunity to borrow small amounts of
money, to start small businesses, to prove that they are
creditworthy, and most important, to improve their own lives and
the lives of their families and communities.
The modest loans you give have yielded amazing results. I
saw those results firsthand on my visit to the FINCA Village
Bank, "Mothers United" in Managua, Nicaragua. The women I met
there told me how modest loans of $50 to $300 had changed their
lives. One woman talked about a bakery business she had started;
another made mosquito netting; still another told me how her loan
enabled her to make a living as a seamstress.
The hard-working women were proud that their earnings had
made them even more productive members of their community. They
had become a network of support for one another, too, giving
their chosen name, "Mothers United,' special meaning.
I know how hard many of you have worked over the past ten
years to bring village banking to more than 60,000 families in
Africa, Asia and the Americas. I am particularly pleased to know
that FINCA is taking its methodology to the former Soviet Union
and to our own country. I wish you only the best as you continue
to bring hope, opportunity and economic vitality to the forgotten
neighborhoods of the world.
###
FIRST LADY HILLARY RODHAM CLINTON
VIDEOTAPED REMARKS for FINCA's 10TH ANNIVERSARY GALA AND AUCTION
February 15, 1996
world's
I am so happy to congratulate FINCA International on
our
len
completing a successful decade wish of helping cound the world' S poor help
themselves. I would much rather be speaking to all of you in
advantged
men
T
person. but I didn't want to miss the chance to tell you how
important your work of bringing much needed credit to those
women
without opportunities is.
herisehr.
Prose living in poverty
The basis for any long-term solution to poverty rests in the
community's ability to help its poor raise their own incomes.
Most of us realize that the poor are capable and hardworking;
that what they lack is not initiative, but opportunity. FINCA
has taken this idea to heart. And through 2,500 local banks here
and around the world, FINCA has provided the poor with
opportunity the opportunity to borrow small amounts of money,
to start small businesses, to prove that they are creditworthy,
and most important, to improve their own lives and The leves 8 rein
Your the modest loans you have yielded amazing results. I saw those
give
last fall
families + communitis.
results firsthand on my visit to the FINCA Village Bank, "Mothers
United" in Managua, Nicaragua. None of the women I met was
More wores persing bullied 5'
wealthy as a result of her participation in village banking. But
the stories they told me indicated that their lives had clearly
changed. Village banking had enabled many of them to support
their families with small businesses. Modest loans of $50 to
$300 had helped fledgling businesses selling tortillas, sewing
V3 This & 25$1
clothing, baking bread -- to grow and thrive.
This.
One seamstress I met there told me she felt "like a caged
was
bird set free" after receiving a small loan to buy a sewing
Chile,
machine. The Nicaraguan village bankers were proud that their
not
earnings had helped their families and made them productive
members of their community. They had become a network of support
Manajue.
for one another, too, giving their chosen name, "Mothers United, "
special meaning. I was touched to hear that, after my visit, the
village bank voted to change its name to "Mothers United with
Hillary." I am honored as any mother would be to be
counted among those who are working to make a better world for
our children
I know how hard many of you have worked over the past ten
years to bring village banking to more than 60,000 families in
Africa, Asia and the Americas. I am particularly pleased to know
that FINCA is taking its methodology to the former Soviet Union
and to our own country. I wish you only the best as you continue
to bring hope, opportunity and economic vitality into the
forgotten neighborhoods of the world.
###
draft
FIRST LADY HILLARY RODHAM CLINTON
VIDEOTAPED REMARKS for FINCA's 10TH ANNIVERSARY GALA AND AUCTION
February 15, 1996
I am so happy to congratulate FINCA International on a
decade of helping our world's less advantaged men and women help
themselves. I only wish I could speak to you in person.
The basis for any long-term solution to poverty rests in a
community's ability to help those living in poverty raise their
own incomes. Most of us realize that the poor are capable and
hardworking. What they lack is not initiative, but opportunity.
FINCA has taken this idea to heart. Through 2,500 local banks
here and around the world, FINCA has provided the disadvantaged
with opportunity -- the opportunity to borrow small amounts of
money, to start small businesses, to prove that they are
creditworthy, and most important, to improve their own lives and
the lives of their families and communities.
The modest loans you give have yielded amazing results. I
saw those results firsthand on my visit to the FINCA Village
Bank, "Mothers United" in Managua, Nicaragua. The women I met
there told me how modest loans of $50 to $300 had changed their
lives. One woman talked about a bakery business she had started;
another made mosquito netting; still another told me how her loan
enabled her to make a living as a seamstress.
se
The hard-working women were proud that their earnings had
made them even more productive members of their community. They
had become a network of support for one another, too, giving
their chosen name, "Mothers United, special meaning.
I know how hard many of you have worked over the past ten
years to bring village banking to more than 60,000 families in
Africa, Asia and the Americas. I am particularly pleased to know
that FINCA is taking its methodology to the former Soviet Union
and to our own country. I wish you only the best as you continue
to bring hope, opportunity and economic vitality to the forgotten
neighborhoods of the world.
###
FIRST LADY HILLARY RODHAM CLINTON
VIDEOTAPED REMARKS for FINCA's 10TH ANNIVERSARY GALA AND AUCTION
February 15, 1996
I am so happy to congratulate FINCA International on a
decade of helping our world's less advantaged men and women help
themselves. I only wish I could speak to you in person.
The basis for any long-term solution to poverty rests in a
community's ability to help those living in poverty raise their
own incomes. Most of us realize that the poor are capable and
hardworking that what they lack is not initiative, but
opportunity. FINCA has taken this idea to heart. Through 2,500
local banks here and around the world, FINCA has provided the
poor with opportunity -- the opportunity to borrow small amounts
of money, to start small businesses, to prove that they are
creditworthy, and most important, to improve their own lives and
the lives of their families and communities.
The modest loans you give have yielded amazing results. I
saw those results firsthand on my visit to the FINCA Village
Bank, "Mothers United" in Managua, Nicaragua. The women I met
there told me how modest loans of $50 to $300 had changed their
lives. The sums had helped them start or expand small businesses
sewing clothing or baking bread. For many of them it was the
first time they had been responsible for bringing cash into their
homes. And, more often than not, they spent it in ways that
improved the living conditions of their families.
hard- works nomen
The Nicaraguan village bankers were proud that their
earnings had made them even more productive members of their
community. They had become a network of support for one another,
too, giving their chosen name, "Mothers United,' special meaning.
I know how hard many of you have worked over the past ten
years to bring village banking to more than 60,000 families in
Africa, Asia and the Americas. I am particularly pleased to know
that FINCA is taking its methodology to the former Soviet Union
and to our own country. I wish you only the best as you continue
to bring hope, opportunity and economic vitality into the
forgotten neighborhoods of the world.
tone woman talked about a bakry business she
###
had started; another mode mostu L
netty; shu anorer told me how
She used her Loan 10-make-stack boker
can business as a seas her. enabled
her he make a Cig as a seaasters
OFFICE OF SCHEDULING FOR THE FIRST LADY
DATE
ORGANIZATION/
EVENT
FINCA international, Inc.
DATE
LOCATION
EVENT
DESCRIPTION
STATUS
ACCEPT
REGRET
PENDING
VIDEO
confermestates
LETTER
CONTACT
Rupert Scofield 682-1510
NOTES
FINCA
INTERNATIONAL, INC.
1101 14th Street, N.W.
11th Floor
Washington, DC 20005
202-682-1510
FAX 202-682-1535
Nicale
4 January, 1995
Attn: Katie Button
Ms. Melanne Verveer
Pis respond
Office of the First Lady
Room 100
Old Executive Office Building
Can't So but can $6.800
Washington, DC 20500
Dear Ms. Verveer:
Send photo morket for & video
Enclosed you will find a briefing package that Jean Nelson suggested we prepare for you. Jan
Piercy had also indicated that the First Lady might be interested in visiting a FINCA micro-credit
program in the Washington, DC area. After her visit to FINCA Nicaragua, this would allow her to
see how FINCA has brought village banking home.
We would also like to extend a cordial invitation to Mrs. Clinton to join us as FINCA celebrates its
tenth anniversary with a Gala and Fundraising Auction on March 21, 1996, at the National
Photos-
Museum of Women in the Arts. We will be creating a "FINCA Marketplace," where some of the
]
members of our local village banks (called "self-employment associations" in the U.S. program)
Barrio [will
will display their products and offer information about their services.
Our gala would provide Mrs. Clinton with an excellent opportunity to speak with a cross-section of
video
low-income borrowers from FINCA self-employment associations in the Washington area. We
believe that her presence will also serve to highlight the benefits that microcredit programs can
have in the United States, and forge a connection with the international efforts of which Mrs.
Clinton has been so supportive.
As Mrs. Clinton said in her address to the World Bank, microenterprise loans "give confidence to
women who before had none, confidence to believe their lives are worthy, their children's lives are
of value, and confidence in the future, which is the first step towards sustaining the kind of
prosperity and democracy that future hope relies upon." We hope the First Lady will consider our
request; her support, would help FINCA to reach even more low-income women as they strive
toward the independence, prosperity, and confidence they deserve.
Sincerely,
Rupert Scofield
Executive Director
cc: Jan Piercy
Jean Nelson
Foundation for International Community Assistance
Banking on the Poor
FINCA USA
WASHINGTON, DC PROGRAM
AT A GLANCE
Program
Community counterparts
8
Self-Employment Associations
7
Entrepreneurs reached
56
Loans issued
54 loans for $35,850
Average loan size
$664
Repayment rate
100%
Total member savings
$6,000
Member Profile
Percent women
86%
Percent minority
92%
Estimated median income
$20,000
Primary/only income earner
62%
Public Assistance recipients
34%
Business Profile
Startup businesses
18%
Type of Business
16% production; 18% commercial
66% service
Percent with paid employees
19%
Percent with unpaid employees
24%
As of December 31, 1995
GREATER-DC SELF-EMPLOYMENT ASSOCIATIONS
North Capitol Entrepreneurs
Counterpart:
North Capitol Neighborhood Development Corporation (NCND)
Location:
NCND (North Capitol St. and New York Ave., just north of the Capitol)
Members:
3 women and 2 men: all African-American
most live in the north capitol neighborhood
Businesses:
paging; catering; painting and home repair; commercial cleaning
Association will receive their first loans on January 18.
Providers United for Families Business Associates (PUFF)
Counterpart:
Danny Chitwood Early Learning Institute
Location:
Danny Chitwood Early Learning Institute (Arlandria neighborhood of Alexandria)
Members:
8 women: 6 African American, 2 white.
Businesses:
all in-home child care providers; most specialize in caring for children with
disabilities and other special needs. One member wants to focus exclusively on
children who are HIV+ or have AIDS.
Association will receive their second loans in late January or early February.
Future Empowering Women Peer Lending Association (FEW PLA)
Counterpart:
Women Entrepreneurs of Baltimore
Location:
Henderson House (North Central Baltimore)
Members:
9 women: 7 African-American, 1 Caribbean, 1 white.
Businesses:
Catering; event planning; barter/exchange; small business referral; clothing and
jewelry design; child care
Association will receive their second loans in mid February.