Hannah Wichmann's Contact Details

Hannah Wichmann's Company Details

Five Talents UK Limited

, N/A, UK • 10 - 19 Employees
Non-Profit

Five Talents fights poverty, creates jobs and transforms lives by empowering the active poor in developing countries using innovative savings and microcredit programmes, business training and holistic development. Microfinance initiatives support small businesses. Through training and small loans, Five Talents helps to establish and nurture small businesses. Training in business skills combines with loans for stock, equipment, raw materials, land, premises etc. (to help establish grocers, hairdressers, bakers, brick-makers, shoe-repairers) This tackles poverty bottom up. Each business builds economic independence for the individual entrepreneur, their families and the families of those they employ. Employment and independence bring dignity. Five Talents creates jobs to fight poverty. Microenterprise development is an efficient and effective method for fighting poverty and raising entrepreneurs in developing countries. By contrast, top-down grant programmes often lead to dependency. Micro-loans programmes maintain ownership and responsibility with the entrepreneur significantly enhancing the success rate. Since the loan capital is constantly revolving to other entrepreneurs, it is an extremely cost-effective method of micro-enterprise development.