OI China PRAYER LETTER July 2008
As an eagle stirreth up her nest, fluttereth over her young, spreadeth abroad her wings, taketh them, beareth them on her wings: So the LORD alone did lead him, and there was no strange god with him. ~ Deuteronomy 32:11 – 12 (KJV)
Mr & Mrs Vander Weele of OI Network and the Board of Directors of OI China visited clients in the Big Market during their recent stay in China. The clients expressed their gratitude to their love & care.
A very successful seminar was conducted in Nanjing for the govt th and financial industry of Jiangsu Province on 4 June. OI China shared its know-how and experience in microfinance with locals.
Praises & Thanksgivings: • Praise the Lord for another month of successful operation that allowed OI China to enjoy above-break-even results during May operation. The overall year-to-date operation of OI China proved to be sustainable. • Thanks the Lord for His keeping and guidance. The Board of Directors and OI Network’s president for investment, Mr Ken Vander Weele and his wife, Linda, visited Hefei in June and praised the Lord for His steadfast love over the Chinese and the land of divine blessings. • Thank God for the successful rural microfinance seminar held by the Provincial Govt of Jiangsu Province. OI China delivered training to the govt officials and microfinance industry workers on our local experience of micro-lending and our world-wide experience of micro-insurance. • Thanks to our Father in heaven for His guidance as OIC enters into pilot program with our new products to meet clients’ needs. May our new products bring blessings and helps to more people in China. Prayer Requests: • May the Lord continue to bless our brother John Dai and his family as he resigned from the job of OI JX branch manager. Our brother faces a lot of challenges from his family live. • Continue to pray for God’s provision of professional co-workers to join our team. We need a leader to fill the position of VP Finance and a branch manager for the OI Jiangxi operation. • Please pray for the Summer English Camp of OI China. Pray that all our clients and the children of our clients may benefit from this arrangement. May the Lord remembers the love and contribution of our interns from the US and Australia. OIC Consolidated Statistics Loans Issued in USD Number of Loans Issued General Training (person / hr) Job Safety Training Program (CAT sponsored) - person/hr
2005 $821,300 511 n/a n/a
2006 $1,368,000 524 480 / 1,200 n/a
2007 $1,795,377 417 522 / 2,366 441 / 2,120
2008 YTD (31 May.) $1,025,152 161 209 / 699.5 1,125 / 4,324
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