Annual Impact Report

• Helping the poor to help themselves

• Tools for solving poverty

Microcredit is the big answer•

220000112200001122000011

The bestway to

help poorchildren

is tocreate jobs

for theirparents.

2001 HighlightsClients served 308,026

Loans made 426,927

Trust Banks 9,490

Dollars loaned $85,616,879

Average loan $201

Loans to women 86%

Loan repayment 98%

Job impact 641,105

Elizabeth S. PerdueVice ChairBoard of Directors

David L. SimmsChairBoard of Directors

Charles L. DokmoCEOOpportunity

If the gap between the rich and poor isnot narrowed dramatically, then we cankiss reconciliation, peace, stability—andall that we like and admire—goodbye.

Desmond M. TutuArchbishop Emeritus, South AfricaWorld Economic Forum, February 1, 2002

Dear Friends,

Opportunity International’s Core Values

Respect

Commitment to the poor

Integrity

Stewardship

–U.S.

In the aftermath of September 11, New York City MayorRudolph Giuliani and the city’s police and firefighters clearlydemonstrated leadership and courage. Their acts of couragecontinue to be replayed around the world as the battle againstterrorism continues.

Leadership and courage are the defining characteristics ofOpportunity International’s work globally, andthese are the characteristics of those weserve. Fighting for survival every day,our clients, 86 percent of themwomen, take a small loan andturn it into an ongoingsource of income.Dignity and pridefollow theircourageous stepsinto an economyonce closed tothem.

For 31 years,Opportunity haspracticed, tested,and refinedmicrocredit andfound it to be the bestway to break the cycleof poverty in an efficient,sustainable way. That is whythe global OpportunityInternational Network is takingbold steps to vastly increase the numbersof poor entrepreneurs we serve. From morethan 300,000 in 2001, we expect to serve 1 millionin 2007 and 2 million in 2010.

To achieve such explosive growth, Opportunity is expandingoperations with a new partner in Serbia and a partner to open inMexico in 2002. At the same time, we are working to ensure thatour entrepreneurs continue to receive the services that lead to

personal, social, and spiritual transformation along witheconomic empowerment.

We are equipping some of our partners to convert to formalfinancial institutions. These will have larger loan portfolios, offersavings services in addition to loans, and leverage borrowed fundsto on-lend to the poor. In August 2001, we opened Opportunity

Microfinance Bank in Manila—the firstmicrofinance bank in the Philippines.

This institution assures the poor thatwe believe all people who are

willing and able to work areentitled to a bank that

meets all their financialneeds, no matter how

humble. It makes astatement to theworld that the poorare creditworthyand a vital part ofour global village.

Opportunity’s workrequires a team

effort, withleadership and

courage displayed at alllevels—from

boardrooms to barrios. Weare dedicated to maximizing

the impact of your gifts, whichare more crucial today than ever

before. With Opportunity loans, ourclients overcome the devastating poverty that

breeds despair. They, too, are heroes.

Thank you for all that you havedone for the poor and allthat you will do thisyear.

4

We have just done a study of 60,000 poor people,and they have the same aspirations as we do. Theywant the same things for their kids; they wantpeace, they want opportunity, they want a chance,they do not want charity. We will not solve theproblem of poverty or [create] global peace unlesswe change our perception of poor people from theobject of charity to the asset on which you build abetter world. I am absolutely convinced of that.

James D. Wolfensohn

speaking at anPresident, World Bank

Opportunity-Australia eventAugust 1, 2001

PoorBanker

The eternal business challenge is capital: every business needs capital toget started and to grow. The most common source of capital is the bank.But what if you have no assets and no collateral to secure a loan? Whatif you cannot get past the bank guard to plead your case? Three billionpeople live on less than $2 a day. To these people—half the world’spopulation—the doors of the banks are locked.

Opportunity International opens the door to financial services.Knowing that the poor are creative, tenacious, and creditworthy, weprovide small business loans, often less than $100, to the poorest ofthe working poor in developing countries. Making small loans tothe poor is called microcredit, but the loans have a macro impacton family and community economies.

With access to capital, the poor establish and enlarge humblebusinesses like street-market vending and home sewing. Theyincrease their income and provide for their families. They gainthe dignity of self-sufficiency and the pride of being able tosolve their own problems.

A contribution to Opportunity International is annot only in microbusinesses but in families and in the futuresof those who are working hard to improve their lives. Smallloans are the big answer to global poverty. Small loans bringlarge returns as lives and whole communities improve.

investment

Opportunity International

for the

5

On August 17, 2001, President Gloria Arroyoannounced the opening of Opportunity MicrofinanceBank (OMB), the first bank for the poor in thePhilippines. Said President Arroyo, “We will makeOpportunity International microfinance acornerstone in our fight against poverty.” ThePresident presented checks to three women who arenew clients of OMB. She described OpportunityInternational as “one of the top microenterprisedevelopment providers in the world.”

Philippine PresidentLaunches OMB

6

Trust Banks

Individual Loans

Visionary Investors

The Opportunity Trust Bank program is an innovative group-lending model thatprovides small business loans to the poorest women in developing countries. Initialloans range from $25 to $500, and the 15 to 40 members of each Trust Bankguarantee each other’s loans. Members meet weekly to make loan payments, depositsavings, address community concerns, and receive training. Each Trust Bank ismanaged by elected leaders. After repaying loans on time, members can qualify forlarger loans. Since the program began in 1992, Trust Bank members havemaintained a repayment rate of 97 percent or better. The program was designed tomeet the needs of women: 94 percent of Trust Bank members worldwide are women.

Many entrepreneurs in developing countries have a good understanding of businessbasics but are too poor to borrow money from a bank to start a business. Others havea small business that they are running capably, but they do not qualify for a bankloan to expand their business. Both groups may need larger loans than Trust Banksprovide. Most Opportunity partners offer individual loans of up to $5,000 for moresophisticated businesses; these are particularly valued by our clients in EasternEurope and Russia. Trust Bank members often graduate to individual loans, andmany individual loan clients eventually outgrow the Opportunity program. Withtheir increased collateral and good credit history, they become eligible for bank loans.

Opportunity International acts as a banker for the poor. Visionary investors in the Western worldbuild loan portfolios and microcredit programs in poor countries through their contributions toOpportunity. These funds are distributed to implementing partner organizations that are led and staffed byprofessionals, most of them indigenous, who understand the local culture and economic challenges. Manyprograms have, or are in the process of achieving, national scope. At the end of 2001, Opportunity had morethan 300,000 active clients. We expect to reach 1 million clients by 2007 and 2 million by 2010. Because 98percent of all loans are repaid, a contribution to Opportunity is recycled into more loans and gives hope to otherpoor families.

SolvingPoverty

ToolsOpportunity International

for

High in the hills behind Managua, Nicaragua, are endlesssteep rows of pineapple, papaya, and banana plants, mostfrom huge plantations. These crops are the food of life for themembers of Opportunity’s San Ignasio Trust Bank.

The 35 Trust Bank members support their families bygrowing, buying, or selling tropical fruits. But in Nicaragua,farming is risky business even in the best of times. In 2000,floods destroyed crops. In 2001, a severe drought was just as

devastating. As a result, most members earned less than thenational average annual wage of $280. Few of the members’145 children could attend school.

Opportunity International loan officer Nora Carmona visitedthe area and helped form the San Ignasio Trust Bank. Withsmall loans, the Trust Bank members bought fertilizer for theircrops, and some started a side business to bring in moneybetween harvests. The group formed a co-op to sell theirproduce to a supermarket. Together, they have saved $340.Today 90 percent of their school-age children are attendingschool.

PineappleDreams

8

Entrepreneurs

Opportunity International

2001

Nicaragua

Honduras

Dominican Republic

Four years ago, 52-year-old Blanca Rios was earning $2 a day selling fruit and vegetablesin Masaya. Today, she is president of her Trust Bank and makes a weekly profit of $218.With a series of Opportunity Trust Bank loans beginning at $52, this tiny butdetermined woman successfully runs five businesses: a grocery store, a restaurant, a fruitand vegetable stall, a roadside food stand, and a telephone service. With her profits, shehas been able to move her family from a tiny wooden hut to a larger home with aconcrete floor.

She credits her success to the principles of her faith. “When you read the Bible, you findordinary things in life that you can do. And because I live by these, I see God’sblessings,” she says.

In 2001, Opportunity enabled 24,598 Nicaraguan clients and their employees tomove out of poverty and into self-sufficiency with loans averaging $167.

Esmeralda Castaños used to be president of her Trust Bank, but after a loan of$62 and a subsequent, larger loan, she needed a larger loan than the Trust Bankcould provide. She became an individual loan client and received a $622 loan.She expanded her tiny store into a small supermarket with a café and a freezer full

of beef. In June 2001, she saw how the drought and thesharp drop in coffee prices hurt poor families in her

town. After a life of powerlessness, she decided that shewould fight back. With encouragement from her husband,

three sons, and members of her former Trust Bank, she decided to run for mayor of her town of5,000, San Mateus. When a poor woman finds within herself the self-esteem and courage torun for public office, she is transformed.

Opportunity International served 6,480 entrepreneurs like Esmeralda in 2001 in Honduras.Average loan size was $134.

Andres Ramírez is a happy man these days. For 15 years, he ran a tire business in theDominican capital of Santo Domingo—with no inventory of tires. When he needed a tire,he would borrow money from a loan shark, at 5 percent interest a day, and send his soninto town on a bus to buy a tire. Today, thanks to an Opportunity loan, he has an averageof 40 tires in stock at all times. He has increased his profit by 400 percent. “God has beenso good to me!” he said.

Opportunity International issued 6,230 loans to 5,966 entrepreneurs in the DominicanRepublic in 2001.

Blanca Rios

AndresRamírez

India

Uganda

Philippines

Renuka Jamboti, 24, lives in a small village in the south of India. The culture in hervillage has changed little in thousands of years. At 13, her parents married her off toan older man. She was not asked if she was ready for marriage or if she liked thegroom they had chosen. The union was an unhappy one, but Renuka had twochildren in the next four years. When she was 17, her husband deserted the family.Renuka returned to her parents who, although extremely poor, took on the burden ofproviding for her and her children. Her chance for dignity and self-sufficiency camethrough an Opportunity loan, which she used to purchase a buffalo. With the profitsfrom selling its milk, she is now able to send her children to school, and she is savingmoney for a house. “I was deprived of my childhood,” Renuka said, “but I amdetermined to make it in life.”

In 2001, Opportunity served more than 30,000 people in India’s impoverished ruralvillages and squalid urban slums. Loans averaged $91, and 80 percent were made towomen.

Catherine Kamuli is a chicken farmer in a poor district outside the capital of Kampala. Shestruggled to support her family with her stock of 150 chickens. Today, thanks to a series ofTrust Bank loans, she has more than 2,000 chickens. She sells chickens, eggs, and manure in thelocal market. This hardworking mother of six also cares for four young children orphaned by AIDS.As poor as Catherine is, she does what she can to help others. She encourages her friends in the TrustBank to do the same. “Being able to help others,” says Catherine, “is a gift from God.”

Meeting the deadly spread of AIDS head-on, Opportunity is preparing to launch a microenterprise initiative in Africa thatwill combine AIDS education and training with loans. To be relevant to the unique needs of our African clients, Opportunity plans tolower the minimum age for loan eligibility from 18 to 14, giving orphaned teenagers who are heads of household access to credit.Opportunity also encourages older clients to take on AIDS orphans as apprentices and offers funeral insurance to loan clients.

In 2001, Opportunity International served 63,275 clients in Ghana, Malawi, Uganda, Zambia, and Zimbabwe.

Gloria Navales has tuberculosis and lives in one of the world’s worst slums. She and her six children eke out an existence in Parola,Manila, living in a small room with no running water, toilet, or beds. Despite her poverty and poorhealth, she calls herself blessed. A series of Opportunity Trust Bank loans,beginning at $18, has changed her life. With her loans, Gloria opened amarket stall and sells vegetables. This little business provides asteady, dependable income. Through her Trust Bank, thisonce isolated woman has become part of a communityhealth program that pays for costly tuberculosismedicine. Her 10-year-old daughter isattending school for the first time.

To better assist the increasing number ofworking poor in the Philippines, fiveOpportunity International partners inthe Philippines consolidated intoone organization several years ago.In August 2001, they opened theOpportunity MicrofinanceBank, the first formal bank forthe poor in the Philippines.The bank will be servingmore than 250,000 clientswith credit and savingsservices by 2003. Parola, Manila

CatherineKamuli

9

Job Impact 1997 1998 1999 2000 2001

151,000 162,717 262,439 430,270 641,105

Money Loaned 1997 1998 1999

Canada

United States

Honduras

DominicanRepublic

NicaraguaCosta Rica Colombia

Peru

BulgariaRomania

Poland

GermanyUnited Kingdom

France

Croatia

MontenegroAlbaniaMacedonia

Ghana

Zambia

Egypt

Uganda

MalawiZimbabwe

TheOpportunity

InternationalNetwork

in millions

Support Partners (7)Implementing Partners (42)

49partners in32 countries

supporting308,026 clients

impacting 641,105 jobs

$28.2 $32.4 $42.7

Serbia

2000 2001

Russia

India

Indonesia

Philippines

East Timor

Australia

New Zealand

$62.9 $85.6

Opportunity International is concerned about the whole person, not just aboutthe person’s economic well-being. Ending poverty requires more than increasingfamily income; it requires permanently easing the myriad of difficultiesexperienced by poor families. The mission of Opportunity is to ensure not justthat its clients are better off but that they have opportunities to transform allareas of their lives.

Transformation is an all-consuming change in a person’s economic, social,political, and spiritual condition. Transformation becomes evident when a personwho had no hope, no help, no power, and no resources blossoms into a personwho experiences the wholeness of life as God intended. Transformation andbiblical values drive every Opportunity program. Without these, there can be nolasting solution to poverty.

After 31 years of testing and refining microcredit services, Opportunity hasseen that one of the most accurate indicators of transformation is when apoor person, instead of looking only to his or her needs, begins to give toothers.

Maria Calix from Juticalpa, Honduras, is 58, has a large family, a tinybusiness, a dirt-floor home, a seasonally employed husband, and uterine cancer.

She despaired when she learned that lifesaving surgery would cost$1,866—this in a world where even headache tablets arepurchased one at a time. Maria’s Trust Bank decided toraise the money for her surgery. The members soldlottery tickets, held fund-raisers, went door-to-door,and contributed from their own nearly empty

pockets. They raised $933, the exactamount the hospital required as a

down payment. Maria’s TrustBank friends plan to raise thebalance. This group ofwomen, who throughout

their lives thought theywere powerless, foundthat they could helpa friend in need byraising what is tothem an enormousamount of money.The Trust Bankmembers andMaria have beentransformed.

Transformation in action

Transformation

11

Loans and a vision make a leader

Maxima de Leon, of Santo Domingo in the Dominican Republic, is an excellentexample of a loan client who benefited fully from the Trust Bank group-lendingprogram and recently made the transition into an individual loan program.

Maxima, who teaches at a public school in the morning, started an afternoon schoolfive years ago with her first Trust Bank loan. Housed in two open-air rooms attachedto the back of her house, her program serves children with special needs. With herfirst loan of $100, she bought school supplies and chairs. Recently, she received anindividual loan for $2,000, and her school has grown to 40 students!

“I miss sharing my concerns with my Trust Bank,” Maxima said, “but I am happy to haveexpanded my business and to have been able to bring my two sisters in to teach with me. I’ve even gotten my motherinvolved—she prepares the snacks. And with the income from my business, I’ve been able to pay off my house and build theschoolrooms. Next, I want to add a second floor to my house to use as classrooms. I love working with these children!”

Nelly de Brito, director of the Trust Bank program in the Dominican Republic, said her Trust Bank clients make the best individualloan clients. They have grown as leaders and know how to manage loans and business growth. Nelly believes that the individual loanprogram has a higher repayment rate because at least half of the borrowers started as Trust Bank clients.

Fund—a specialfund of Opportunity International

Women’sOpportunity

In the school she foundedand expanded withTrust Bank loans,Maxima de Leon iseducating neighborhoodchildren who havespecial needs.

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The Dominican Republic Trust Bank program grew 130 percentand is serving more than 3,600 Trust Bank clients.

In Honduras, 31 transformational trainings were developed for loanofficers to use in Trust Bank weekly meetings around the world.

A was developed andpublished.

A program for securing crucial feedback from clients was piloted inseveral countries and will be used to design programs that betterserve clients; the program was presented at the Latin America andCaribbean Microcredit Summit in Mexico in October.

Research on monitoring and improving the impact of microfinanceon women’s lives was used to prepare a paper on empoweringwomen through microfinance for the 2002 Microcredit Summit.

Four grant projects on best practices in ensuring gender equitywere completed; results will be shared with other microfinanceorganizations.

The International Gender Task Force presented its first annualreport on gender equity to the Opportunity InternationalNetwork’s management committee and board; the task forcedeveloped a policy on gender equity that was approved by theNetwork’s board.

Tool Kit for Training New Loan Officers

Accomplishments ofWomen’s Fund dollars in 2001The Women’s

Opportunity Fund directsfunding to programsthroughout our globalnetwork that empowerwomen. Funds are raisedfor

activities that promotewomen in leadershipcrucial training ofTrust Bank clients, loanofficers, and supervisorsthat meets the specialneeds of womenTrust Bank loanprograms that set anexample of women inleadership, reach thepoorest women, andfoster social andspiritual transformationas well as economicimprovement, andparticularly programsthat field-test trainingmaterials and docutting-edge research

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The Women’s Opportunity FundCommittee of the OpportunityInternational–U.S. Board of Directorsdirects the allocation of these funds.

— Julie Hindmarsh, Chair

“The Women’sOpportunityFund is proud ofits role indeveloping strongwomen leaderswhose energy andvision help totransform theircommunities.”

Women’s Opportunity Fund Committee of theOpportunity International–U.S. Board ofDirectors

www.womensopportunityfund.orgBeth Houle, Director

Women’s Opportunity Fundof Opportunity International–U.S.

13

Nancy AustinManagement Consultant & Columnist

Dr. Raymond BakkeInternational Urban Associates

Dr. Peter BergerBoston University

Dr. Tony CampoloEastern University

Doris ChristopherThe Pampered Chef

Millard FullerHabitat for Humanity

Rev. Theodore Hesburgh, C.S.C.University of Notre Dame

Ambassador Swanee HuntHarvard University

Dr. Martin MartyUniversity of Chicago

The Honorable E. N. PelaezFormer AmbassadorThe Republic of the Philippines

The Honorable Fidel V. RamosFormer PresidentThe Republic of the Philippines

The Honorable Paul SimonFormer United States Senator

Paula ZahnCNN

Laura AllenExecutive DirectorAdoption Advocacy Int’l.Hinsdale, IL

Dennis ChorbaVice President (retired)Georgia GulfAtlanta, GA

Peter S. DaleyChief Executive OfficerGraymalkin, Inc.Purcellville, VA

Kwabena DarkoChief ExecutiveDarko Farms & Co., Ltd.Kumasi, Ghana

Charles L. DokmoChief Executive OfficerOpportunity International–U.S.Oak Brook, IL

E. Bruce DunnSr. VP & Principal (retired)Stein, Roe & FarnhamChicago, IL

Dawn Parsons FellerExhibiting ArtistHinsdale, IL

Ann McCulloch FieldPartnerBitter End Investments, LLCScottsdale, AZ

Rev. Benjamin GarrettMinister of AdministrationNew Faith Baptist ChurchMatteson, IL

Emory A. Griffin, Ph.D.ProfessorWheaton CollegeWheaton, IL

James W. HamiltonSenior Counsel (retired)Paul, Hastings, Janofski &

WalkerLaguna Beach, CA

Julie HindmarshClinical InstructorJohns Hopkins School of

NursingBaltimore, MD

Richard A. HoefsPartner (retired)Arthur Andersen & CompanyFitchburg, WI

Richard U. JelinekManaging DirectorManagement DesignsSpring Lake, MI

Kurt KeilhackerManaging DirectorTechFund CapitalMountain View, CA

Jane Siebels-KilnesChairman & Chief Investment

OfficerGreen Cay Asset ManagementNassau, Bahamas

Polly McCreaLong Lake, MN

Robert McCreaManagement ConsultantLandscape, Inc.Long Lake, MN

Jeffrey S. MeyerVice PresidentBaillie Lumber Co.Hamburg, NY

Gary MooreFounderGary Moore & Co.Sarasota, FL

Theodore D. MoserDirectorMercer Management

ConsultingOakland, CA

Donald PalmerPresidentPalmer Dodge West, Inc.Indianapolis, IN

Elizabeth S. PerduePartnerMcBride, Baker & ColesChicago, IL

Rev. Steven PerryFoundation for Christian

StewardshipIrvine, CA

Sara PfaffGlencoe, IL

Karen PrudenteUnited Methodist ChurchNew York, NY

David L. Simms,Sr. Executive Vice PresidentMBNA AmericaWilmington, DE

Jill Dailey SmithMarketing Research &

Planning ConsultantRiver Forest, IL

Nathaniel SuttonPresidentSutton FordMatteson, IL

Lois SwansonFounder & TeacherSt. Helena SchoolSt. Helena, CA

Dr. Josephine Templeton(retired)Bryn Mawr, PA

Alfred WardCommunities in Schools(retired)Chicago, IL

Terrence A. WatsonExecutive Vice PresidentBank of AmericaCharlotte, NC

Alfred A. Whittaker,

President (retired)Bristol-Meyers Int’l. Corp.Fort Meyers, FL

Terry R. WintersVice Chairman & CEOWorld2One Inc.Toorak, Australia

Chair

ChairEmeritus

Board of Advisors

Board of Directors

Sharing, caring, daring is the heartbeatof Opportunity International.

– The Honorable Fidel V. Ramos

Roger D. AndersenTonka Bay, MN

Dan & Jeanie ArdellCorona del Mar, CA

Lynne M. BaabSeattle, WA

Clark & Tina BainEdina, MN

Barbara & James BallardDodgeville, WI

Stephen M. BarneyLong Grove, IL

Warren BeachBarrington, IL

Mike & Karen BeardShakopee, MN

James R. BergmanLaguna Beach, CA

Elaine D. BirdsongGray, GA

Michael BontragerCochranville, PA

Bruce BoydHighland Park, IL

Richard L. BrackettNew York, NY

James L. BramlettRobbinsville, NJ

Bill & Karen BrownEden Prairie, MN

Arthur F. BrueggemanLaguna Hills, CA

J. & Joanna BurnettMarietta, GA

Duncan CampbellPortland, OR

Robert B. CarterBethesda, MD

Nancy M. ChaseSolana Beach, CA

Linda CherneEdina, MN

Zipper Clark-BrennemanScottsdale, AZ

Brian G. ClarkMahwah, NJ

Ross ClemengerNanaimo, Canada

Doug CogswellSouth Barrington, IL

Nichole & Miles CookAtlanta, GA

Gary CooperSarasota, FL

James & Wendy CoxEdina, MN

Christopher CraneLa Jolla, CA

Mike CumminsOrlando, FL

Ted DeGrootLas Vegas, NV

Lyn DickeyNorthbrook, IL

Richard H. DriehausChicago, IL

Lindsay A. DuffKerrville, TX

James W. Duncan Jr.Easton, MD

Kathleen A. DuryeaLos Gatos, CA

Dan & Polly DyerGermantown, MD

Karol D. EmmerichEdina, MN

Phillip & Donna EricksonPlymouth, MN

Janet H. EysenbachWestchester, IL

David & Terri FishMonument, CO

Betsy Wilson FlintSamueli Foundation, CA

Paul & Melissa FogelbergMinnetonka, MN

J. Stephen FossettChicago, IL

Ken & Sherry FranzenMadison, WI

Kent & Betty GarborgBloomington, MN

David & Diane GetschBloomington, MN

Julie HallWinnetka, IL

Bill & Mary HallSan Clemente, CA

Craig HammonWenham, MA

Caryn HankChicago, IL

Promod HaqueSaratoga, CA

James Hardee Jr.Wilmette, IL

Don A. HayesTampa, FL

Randy & Patty HaykinSan Francisco, CA

Paul & Lois HeissMequon, WI

Wendall W. HirschfeldAustin, TX

M. Blair HullChicago, IL

Linda L. HuntSpokane, WA

Cheryl HunterLawrence, KS

Rebecca & MarshallJohnson

Alpharetta, GA

Deepak & ChristinaKamra

Menlo Park, CA

Robert C. KatterSan Francisco, CA

Patrick D. KearnsAdairsville, GA

Jeff KeenanSeattle, WA

Robert H. KellerMadison, WI

James C. KellyLaGrange, IL

Timothy D. KrauseCypress, CA

Jonathan LachWestport, CT

Linda LairApache Junction, AZ

Joe & Terry LittelMadison, WI

Timothy LoveHockessin, DE

Edward F. LukesCastle Rock, CO

Philip & Nancy LundmanFredonia, WI

Monroe M. LutherHouston, TX

Patti J. LyonsHonolulu, HI

David H. McAlpin Jr.Skillman, NJ

Cole McCombsInverness, IL

Polly McCrea,Long Lake, MN

Alfred A. McDougalChicago, IL

Nancy McIntoshMcLean, VA

John P. McKaySAJE Foundation, CA

Bruce McLaganHinsdale, IL

Peter & Anne McNerneyEdina, MN

Connie C. MehnLake Forest, IL

Sally W. MellerYorba Linda, CA

Michael & Nicole MooreEdina, MN

Owen MoranNorthbrook, IL

John MuellerLake Forest, IL

Robert O. Naegele IIIMinneapolis, MN

Alan W. NashHouston, TX

Hilton & Jean NealOconomowoc, WI

Harold NielsenKenyon, MN

Richard O'DonnellHouston, TX

Thomas OswaldEdina, MN

Ronnel S. Parker Sr.High Point, NC

David PhilipsCave Creek, AZ

Roger PostMonterey, CA

Arn & Norma QuakkelaarWaukesha, WI

William ReichardtEast Syracuse, NY

Art & Connie RiemerBrookfield, WI

Ross C. RobbinsChicago, IL

William F. Roeder Jr.Vienna, VA

Roy L. RogersLos Altos Hills, CA

Eric & Sarah RousarExcelsior, MN

Craig S. Rozean

Norman RubashEvanston, IL

Michele RubySan Jose, CA

Vasu B. RupaniTokyo, Japan

Jeffrey P. RyanHong Kong, China

John SageSeattle, WA

Gerry M. SandelDelafield, WI

Thomas SchmittHudson, WI

Anne SeipLos Gatos, CA

Pauline K. SelbyIndianapolis, IN

Charles R. S. ShepardPlacitas, NM

Tom & Darla SkeltonRaleigh, NC

Gregory W. SlaytonPalo Alto, CA

Richard N. SpalholzHuntington, NY

Angelo SpotoRockford, IL

Scott StephensonAtlanta, GA

Malcolm B. Street Jr.Fort Worth, TX

Philip & Julia StyrlundApple Valley, MN

Mark & Carol SuttonMinnetonka, MN

Mark & KimberlyThompson

Minnetonka, MN

Charles Todd Jr.Columbia, IL

Timothy H. UbbenGlencoe, IL

Julie & Paul UmbargerMinneapolis, MN

Richard Van der MolenOak Park, IL

Mark & Kathy VaselkivBaltimore, MD

Searl VetterWassnaar, Netherlands

Mary Beth VogelzangDenver, CO

Ken & Karen VolpertSt. David’s, PA

Kimberly WatsonCharlotte, NC

Jerry L. WebbWinfield, IL

John P. WebergScottsdale, AZ

Scott A. WeichtEdina, MN

Frank H. WheelerLafayette, IN

Laurence F. WhittemoreGreenwich, CT

Robert WieczorowskiWashington, DC

Susan C. WilkesMinneapolis, MN

Ken & Peggy WilliamsIrvine, CA

Jay & Diane WissinkMinnetonka, MN

Chair

Rancho Santa Margarita, CA

Board of Governors Opportunity International–U.S.

15

Women’s Opportunity Fund Board of Governors

Corporations and FoundationsAES Corporation*Affinity VideoNetAmerican AirlinesAristos GroupAtkinson FoundationBaillie Lumber Co., Inc.Ballard Technology, Inc.Bank of America*Bergman Family FoundationBloomberg Financial MarketsByers FoundationCaterpillar FoundationCatlin FoundationChester FoundationChicago Freight Car LeasingChristel DeHaan Family FoundationChurch Women UnitedCitigroup FoundationCommunity Funds, Inc. – Laurence F.

Whittemore FundCody FoundationEarl M. & Virginia Combs FoundationConnemara FundCornerstone FoundationCrescent Porter Hale FoundationCrown Mortgage CompanyDale & Edna Walsh FoundationDebley Foundation, Inc.Dorothy & Henry Hwang FoundationEmelco FoundationFaith, Hope & Love Foundation

Fieldstead and CompanyFirst Rate Investment SystemsFoundation for Christian StewardshipGems of HopeGracia FoundationGreater Kansas City Community

FoundationGriffin, Kubik, Stephens & Thompson,

Inc.Heather Knolls of Hamilton LLCHelmerich & PayneHeritage Valley FoundationHousehold InternationalJames Huntington FoundationJewish Community FoundationJohn F. & Mary A. Geisse FoundationInteractive MindsInternational FoundationInternational Service AgenciesThe Jerry L. & Marcia D. Tubergen

FoundationJohn Templeton FoundationThe J.P. Morgan Chase FoundationThe Joseph P. Kennedy Jr. FoundationKaris FoundationLundman Family Foundation, Inc.MacAllister Machinery Co.Mennonite Foundation, Inc.Microsoft Corporation*Nationwide Insurance Enterprise

Foundation

Nelson G. & Vera C. Hicks CharitableFoundation

Nike, Inc.Palmer Dodge West, Inc.Paul F. & Lois K. Heiss Family FoundationThe Pampered ChefPrice Family Charitable FundRichard H. Driehaus FoundationRLB FoundationSAJE FoundationSamueli Family FoundationSatrum FoundationScience Applications International Corp.Script International Outreach FoundationScudder InvestmentsSeagull FoundationSG FoundationSteinmetz FoundationStewardship FoundationStrategic Health Plans Corp.Stuart Family FoundationSutton FordTree of Life Foundation TrustUnited Financial Mortgage Corp.United Way of Delaware, Inc.United Way of the Bay AreaViva FoundationWestwood Endowment, Inc.World Serve

*matching gifts

AnonymousKeith Abell & Cathleen FedorukJo Anne BarnesEdna BazikSusan & Alan BeckerEllen & Edward BernardMaryellen & James E. BetkeEvelyn ChristensenJodie ClementsMarge CoahranWendy & James CoxCynthia CrayDeborah & Nilton Da SilvaJanice D. DaileySuzanne & Steve DiamondLetitia & Bill EllisLil & Wilson ErvinBarbara FellerElizabeth Foster and Michael WalshCynthia E. FrostJudy & Greg GolzJanis Long Harris & Paul HarrisGretchen & Ted HarroAnn C. Harvey

Gail & David HechtMildred HindmarshAnne S. HomansSharon K. HopkinsDiane & John HowiesonRandy Allison HustvedtCindy JonesJean M. H. JungSusan D. KaminskiRobin & Ken KencelVictoria Gifford KennedyPaula & Doug KoppMary LarsonPam Leiter & Philip FaraciLaurie & Frank LivingstonSherry F. LundRosemary MartinAnn & Ed MasonMary Ellen MatthewsBarbara B. & Charlie D. McBrideStephen A. & Anne B. McClaryMary Ann McGuire & Donald H.McComber

Elizabeth McMeekin & Philip Moses

Lydia J. MillerMichele MillerJanet & Richard MorrowTamara A. NackCarol & Grant NelsonKathryn NyquistJeff Olson & Judith A. BradeenGail A. PetersenGenevieve PlamondonDiana & Bruce RaunerMary Rodino & David HimelickLeah Taylor Roy & Peter RoyMrs. Arthur R. SawersBetty ScholtenDiane SchroederBeth & Hythem ShadidLisa SimeonePatricia L. SmytheIan & Courtney SneedLinda & Ken Vander WeeleMary Beth VogelzangLinda Hall WhitmanRuth & Jim YoungsmanSusan Youngsman & Jeff Chapman

Breaking the cycleof poverty

The Opportunity Mission

The Opportunity Strategy

The Opportunity Method

Opportunity International’s Commitment

is to provide opportunies for people in chronic poverty totransform their lives

is to create jobs, stimulate small businesses, and strengthencommunities among the poor

is to work through indigenous Partner Organizations thatprovide small business loans, training and counsel

is motivated by Jesus Christ’s call to serve the poor

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www.opportunity.org

Statement of IntentRegarding Poverty and WomenOpportunity International–U.S. strives to reach the world’spoorest people through its microenterprise developmentprograms. Recognizing that the large majority of the world’spoorest are women and that they contribute decisively to thewell-being of their families, Opportunity makes it a priorityto support programs that serve the particular needs of poorwomen.

2122 York Road, Suite 340Oak Brook, Illinois 60523800.7WE.WILLwww.opportunity.org