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PEER Servants partners with organizations in Africa, Asia, Caribbean, Eurasia, and Latin America. The primary purpose of each partnership is to strengthen the global church through economic empowerment. Each partner’s program is autonomous and designed to operate best within that region - thus, the resulting MED programs vary significantly from each other. Highlights of each partner and their MED program are provided by region below. |
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| PEER Servants has one partner in Eurasia - the Christian Agency for Micro-Enterprise Development (CAMED) in Moldova. |
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| Eurasia as a whole has been one of the most successful areas for sustainable micro-enterprise development. Moldova, however, has been a particularly challenging area in which to focus. It is Europe’s poorest country, and well over half of the country is worse off now than in the earlier days of Soviet Communism. Moldovans actually voted in a Communist government in their most recent presidential election and the government appears to be supportive of measures to empower the poor through the establishment of small businesses. It is estimated by some that approximately 1,000,000 Moldovans now live and work abroad and send funds back to their Moldovan family members - that is a staggering number in a country with less than 5,000,000 residents. It is also a great opportunity for the church to respond in the name of Christ and bring hope to the people. Moldovans have much to teach the world about holding on to Christ and knowing what it is to walk closely and patiently with Him in the midst of difficult days. |
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Moldova - Christian Agency for Micro-Enterprise Development (CAMED)
Program Name: CAMED
Description: A church-centered MED program made up of branches that are centered in different cities or villages - currently there are two affiliates: Filadelfia, located in Tintareni, and Invest-Credit, located in Chisinau. Filadelfia has allocated some of their interest revenues to support ministry among children and the elderly. As CAMED takes advantage of recently-passed Moldovan MFI regulation, soon the entire program will be called Invest-Credit.
Lending Model: Individual loans, although considering exploring solidarity group lending.
# of Participants: Approximately 300 since program inception.
Average Loan Size: Approximately $300US per person.
Year Partnership Started: 1998 |
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