summary When East Timor voted
for independence from Indonesia in 1999, it came at a devastating
cost when gangs of pro-Indonesian militia embarked on a reign
of terror which left 80% of houses, hospitals, schools, banks
and essential services destroyed. The economy suffered an
almost total collapse as a result of this violence in 1999
but today reconstruction is underway with the assistance of
organisations such as The Opportunity International Network.
Opportunity International has provided seed capital and expertise
to build locally-owned and -managed microfinance institutions
in 25 countries in Africa, Asia, Latin America, Eastern Europe
and Russia since 1971.
In 2003 Trade plus Aid® donated £10,000 to Opportunity
International UK to fund two new Trust Banks in East Timor.
Trust Banks play a vital role in the reconstruction of East
Timor small enterprise economy by providing financial services,
loans, savings and insurance, together with business training,
to assist poor people to develop small businesses and to provide
a sustainable income for their everyday needs. Up to 20 individuals per Trust Bank
will receive funding to start new businesses to support themselves
and their families.
For original project proposal, click
Opportunity International offers an effective way for
companies and individuals to contribute to empowering poor
people to attain a better quality of life through their own
hard work. And since clients pay back the loans which
are then recycled to new clients, the operation is entirely
self-sustainable.For further information on Opportunity International visit
Project Update Reports
This project is accredited to Rouse & Co and Willoughby &
Partners without whose pro bono
advice there would not have been the funds available to
finance this project.
Opportunity International has been
assisting the people of East Timor since 2000, helping
poor people to develop small businesses such as these:
Shopkeeper, East Timor.
was able to start a new hairdressing business in Dili,
Baker, East Timor.
was able to rebuild his butcher's business in the jungle
outside Dili, East Timor.