User talk:Espeeth

 Springs of Africa Micro Finance Faith Fund - SAMF3  The Springs of Africa Micro Finance Faith Fund (SAMF3) was started as a 501(C)(3) non-profit in 2002 by Ibrahim and Diane Omondi with the assistance of David K. Yarnes. Ibrahim and Diane serve as Apostolic Overseers of Dove Africa, the DCFI network in East Central Africa that includes over 55 congregations in Kenya, Uganda, Rwanda and is reaching out to other neighboring countries. In addition they pastor the Kilimani Dove Church in Nairobi, provide pastoral training schools three times per year and many other effective ministries. Ibrahim has also serve Kenya politically in helping write a new constitution and serving in various other governmental positions. David Yarnes, an entrepreneur, philanthropist, and pastor from Western New York, is involved in several Christian missions throughout Africa. For Mr. Yarnes, SAMF3’s efforts began after he journeyed to Kenya on an extensive mission’s trip. He was so enthralled by the beauty, the happiness, and the passion of the Kenyan people, he felt a strong desire to stimulate their economic situation. The result was the growth of a reciprocating micro finance fund, SAMF3. When Ibrahim and Diane Omondi birthed the idea of micro-finance, it looked an unachievable dream. They began by performing a trial run using funds sourced from their friends. The result of the trial run was very impressive! When Mr. Yarnes came to Africa in 2002, he gave a new lease of life to the project. Over the next few years, Yarnes worked with the Omondi’s to further develop the initiative. The success of the Springs of Africa Micro Finance Faith Fund (SAMF3) grew rapidly. With donations from philanthropists all over the world, SAMF3 became the target of hope for many in need. Today, SAMF3 has over 150 members in Kenya and Uganda. Nearly 25% of applicants received relatively small loans of between US$ 100 - $400 and were able to establish a thriving business! When asked about the focus and mission of SAMF3, the Omondi’s stated “Poverty creates fear, sickness, hunger, malnutrition, and hopelessness. It dehumanizes. SAMF3 is giving hope, rekindling faith, reviving visions and helping many to refocus their efforts into sustainable, income-generating ventures to support their lives and their families”. Helping people help themselves has long been the ethical approach to micro finance. This stands true with SAMF3. These small loans are creating a reciprocating and sustainable fund that grows with the help of others. These small business loans are changing lives as people have an opportunity to establish income-generating projects and gain personal and family income.  

Links: http://www.springsofafrica.com - Springs of Africa – Sister Site to SAMF3.org http://www.horizoninitiative.com - Horizon Initiative http://www.doveinternational.com - DOVE International

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