OI China PRAYER LETTER April 2011
"In you, O LORD, I have taken refuge; let me never be put to shame. Rescue me and deliver me in your righteousness; turn your ear to me and save me. Be my rock of refuge, to which I can always go; give the command to save me, for you are my rock and my fortress. Deliver me, O my God, from the hand of the wicked, from the grasp of evil and cruel men." ~ Psalm 71: 1 - 4 (NIV)
A group of 5 supporters from HK joined the OIC March Insight Trip between 18th and 20th. They met with OIC staff and visited clients during the weekend and shared God’s love with them. One of the visitors, David Sih, said that was a wonderful experience and a very meaningful weekend for him.
Mr Guanghong Gao started his clothing factory 3 years ago, after his foreign employer withdrew investment from China in the middle of financial crisis. Gao took a small loan and hired few employees initially. As the business grows he borrowed RMB 100,000 (USD 15,385) recently and employs 149 workers, including 4 disabled.
Praises & Thanksgivings: •
Praise the Lord. The Jiangsu Provincial Government granted OI China two more licenses, one for insurance agency and the other is a loan guarantee company license. The new licenses will enable OI China to deliver more variety of financial services to its clients and yield higher efficiency in the future.
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Thank God for the successful presentation of CEO Aaron White during the Credit Suisse Asia Investment Conference held in HK on 21 March. Many investors are impressed with OI China’s business model of microfinance, especially on the impact it brings to the rural community of China.
Prayer Requests: •
Please remember in your prayer the expansion of OI China business. May the Lord lead and guide the management to build an operation that brings glory to His name. May the Lord provides and satisfies the various needs of OIC including the financial and people needs. May He be pleased with this instrument of His and allow it bringing blessings and transformation to people and drawing people to Him.
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Please pray for the recovery of Japan after the massive earthquake and tsunami. Protect the people and comfort the families and victims. Pray also for the safety of the nuclear power plants and grant wisdom to the dedicated rescue workers.
OIC Consolidated Statistics Loans Issued in USD Jobs Impact (created/maintained/sustained) Training & Coaching (person / hr)
2008 2009 2010 2011 YTD (28 Feb.) 2,844,534 3,729,753 6,369,255 1,091,098 6,277 17,817 20,982 6,181 2,093 / 3,681.5 2,146 / 6,610.47 2,000 / 5,997.92 106 / 350 PrayerLetter 1104 www.opportunity.org.hk