Current Projects
Letta Micro-Finance Institute (Addis Ababa, Ethiopia)
In August, 2001, IAP established a micro-loan program servicing the Gedeo region of Ethiopia called the Letta Micro-Finance Institute. In the Gedeo language, Letta translates as "emerging toward the light", as a germinating seed. The Letta project disburses small loans, primarily to women, who receive training and prepare business plans, equipping the loan recipients for financial independence. Currently, most of these business owners are involved in food and commodity trading.
Since its inception, Letta has grown to include 850 loan recipients. Loan terms are from 8-12 months with an interest rate of approximately 14% annually. To date, 100% of Letta's funding has been raised through IAP in the form of contributions from individuals and organizations (churches, service clubs, etc.). The total number of borrowing clients has grown steadily, with an average loan size of $300 USD or 4000 Birr. Loan repayment is excellent with virtually no losses. Each client is a testimony to the success of the micro-finance project. These small business owners and their families are given the opportunity to prosper financially, which in turn has a positive effect on the surrounding community and church.
Sawla Children's Home (Sawla, Ghana)
In June, 2007, IAP established the Sawla Children's Home in northwest Ghana. At this facility, which is in a primarily Muslim community, 38 orphans have been given a safe and supportive place to learn, play, and grow in their relationship with Jesus Christ. This is the first establishment of its kind in the region. Currently the children living at the home range in age from 5 to 16. The staff consists of dorm mothers, cooks, security guards and 2 directors. Many of the children are now attending school for the first time. IAP is looking at the potential of expanding the Children's Home to include vocational training for the kids and determining how this project can be sustained within the country. More...
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