News & Stories Blog
World news on the fight to alleviate poverty – follow innovations in microfinance, technology and community development that are changing lives in developing countries.
City 2 Serve
The best thing about exploring cities (at least for me), are their history. And the best way to experience them is to step outside, walk around for a bit and start paying attention to your surroundings (selfie stick optional). As a Sydneysider, I catch a glimpse of a wide range of characteristics every day: the terraced housing of the inner-western suburbs, the well preserved colonial buildings in The Rocks, the repurposed warehouses near my university’s exam centres in Ultimo, an abandoned post…
Read MoreAll World Problems
I watched the film Mother’s Day on a flight recently. It had little to boast aside from the casting of Jennifer Aniston and Julia Roberts, but I needed to pass the time. Plus, having a daughter of my own, there were a couple of comedic scenes that got me thinking. Both featured the character Bradley, a widower and father of two daughters. In the first scene, he’s in the kitchen with his eldest teenage daughter, who is requesting he pick up some items from the supermarket. She lists off the essentials;…
Read MoreEnd Poverty? It's Possible
“That’s impossible!” If you listen close enough you can probably hear these words echoing right now – a chant that’s been replayed since beginning of time. But despite the disbelief, man has walked on the moon, a portable handheld device has been developed that allows instant communication with anyone in the world and even an Oscar has been awarded to Leonardo di Caprio. But what about empowering the hundreds of millions of people who are currently living in poverty? What about uniting…
Read MoreHot Off The Press: Opportunity Magazine Spring 2016
Controversial author Christopher Hitchens once said: “The cure for poverty has a name, in fact, it’s called the empowerment of women.” This issue of Opportunity Magazine starts with the empowerment of a mother from Indonesia – Lydia. Her family is on the pathway out of poverty thanks to a hand up from someone like you. Read about our recent film trip to capture her inspiring story on page 4. We also had the privilege of meeting with Stephanie Rice recently to hear about her Olympic experiences,…
Read MoreWho's Who In The World Of Microfinance?
By now you may have read the powerful impact stories of Opportunity loan recipients like Marince, Panchratni and Remy – women who’ve all received a hand up out of poverty through small loans to start their own businesses. But who’s who in the wider microfinance sector? And how does Opportunity work collaboratively with other organisations to transform the lives of families living in poverty? Let’s meet some of them… Microfinance CEOs Working Group The Opportunity International Network is…
Read MoreThe International Poverty Line
Last year the World Bank adjusted the International Poverty Line from US$1.25 to US$1.90 per day. This shift occurred due to the need for our definition of poverty to reflect changes over time in the goods that people need to buy to stay out of poverty, and changes in what those goods cost. But why a move from US$1.25 to US$1.90? Let’s go a little deeper… The International Poverty Line has been defined according to an assessment of purchasing patterns and costs in 15 of the poorest countries…
Read MoreHot Off The Press: Opportunity Magazine Winter 2016
As I read the story of Emi, who’s pictured on the cover standing tall despite her home burning down, I think about all the people who’ve lost their homes in many a fire and flood in Australia or overseas. As a nation we band together and give financially or volunteer – anything to help those affected rebuild their lives. Everyone plays their part. In this issue of Opportunity Magazine, I encourage you to play your part in helping families in poverty start again. You can begin…
Read MoreAnnual Review 2015
In a small village one hour outside of Jakarta, Indonesia, a young mother stood in front of a shop crying because of hunger. With two children by her side, she begged the shop owner to give them some food. When my children started crying, I became even more upset. I wondered, ‘How could life be so unfair?’ Today this mother and her children are not crying anymore – they’re smiling. Pictured on the cover of our 2015 Annual Review, Dewi and her daughter Nabila share a moment of joy and relief…
Read MoreThe Evolution of Microfinance
Since its rise in the late 20th century, microfinance has grown exponentially in its ability to reach and empower people living in poverty to transform their lives. Over 3,300 microfinance institutions reached 211 million people with a small loan by the end of 2013. 114 million of these clients were among the poorest when they took their first loan. 83 percent of these poorest clients were women. But where did it all begin and how did we get to where we are today? Microcredit can actually be traced…
Read MoreWhat Does It Mean To Lose Everything?
Emi is a mother from Indonesia who recently lost her home, business and belongings in a fire. After her husband passed away, Emi started a small kiosk, selling items like rice and soap to people in her village, located a couple of hours outside of Soe in Indonesia. From the kiosk she was able to earn just enough to feed her children and put a roof over their heads. That was until the fire. When it struck, Emi’s youngest daughter Betrik was inside. Aged just 8, little Betrik is deaf and mute, so…
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