This week, we have received a grant support (US$375,000 equivalent GBP) from OI UK recently which supports our general microfinance programs in 2013 and 2014. It is typical that a grant has earmarked purposes, but this time it was a grant that supports UOB's general operations. Of course, it still has deliverable goals, but they are perfectly aligned with what UOB is doing.
This is a perfectly timely grant for UOB at present and here is why.
UOB has been suffering from Rwanda's sluggish economy, slow loan demand and declining sustainability in 2013. It is attributed mainly to Rwanda's macroeconomic circumstances that began during the fourth quarter 2012. Although the economy has shown signs of improvement lately, UOB's operating performance has been struggling and is still the same way.
In this context, OI UK's general support grant has been perfectly timely and tremendously helpful. I believe it is God's intervention. He indeed provides as we have experienced over and over in the past several years.
I am deeply grateful to my God Almighty for this support that comes through OI UK. Praise the Lord! My thanks also go to the leadership and management at OI UK (Edward, Deborah and Sally) for sending these resources perfectly at the right time. God is good all the time.
To learn more about Opportunity International U.K., click here - Jeffrey