FTH Grants Funds In Inner Mongolia

Feed The Hunger Foundation is proud to announce its grant making of $40,000 in Inner Mongolia to the Chifeng Zhaowuda Women’s Sustainable Development Association (CZWSDA).

Currently CZWSDA is considered one of the strongest microfinance programs in China. Its mission is to provide women living in poverty in Chifeng with microfinance and other services, with domestic and international capital and other types of support to help them increase household income and get out of poverty, contributing to the harmonious development in economy, environment and humanity in Chifeng.

The Foundation’s funds will go towards providing loans to women whose household assets are below $1300 and live in the rural areas of Inner Mongolia. These loans will help enhance their home industries of livestock, agriculture and small village stores.

FEED THE HUNGER FOUNDATION LAUNCHES IN HAWAII

Feed The Hunger Foundation launched its premier opening in Hawaii on January 29th, 2009. The reception, hosted by Shanghai Tang, drew people from all sectors of the island and beyond, who believe that we can make a difference in the lives of poor people around the world.

1/6th of the world’s population, one billion people, live on less than one dollar a day. Clean water, adequate nutrition, education, and healthcare are non-existent. Yet these conditions are not inevitable. According to Denise Albano, President: “Feed The Hunger Foundation was created to give poor people the opportunity to rise out of poverty and servitude.”

FTH Foundation will provide microcredit loans to poor people in villages around the world who are unable to access other resources. These borrowers, primarily women will be able to purchase a bicycle to take their woven baskets to market; a cow to provide milk for their children and to sell cheese; and seed to grow cotton and pears and corn. With their profits, they will turn their mud house into a concrete home, send their children to college, provide healthcare for their families and infuse literacy campaigns into their villages. They will end their own cycle of poverty.

This microcredit “movement” has, over the past 30 years provided $15 billion in loans to poor people. And it works! Patti Chang, CEO of Feed The Hunger Foundation states that: “Poor people repay their loans and when women are given loans the entire family benefits – children receive education and the family receives healthcare. Microfinance is profitable, both financially and socially.” As Mayor Mufi Hannemann stated, “ There can be no better way to lift people out of poverty than by having them lift themselves.”

This reception had many gracious partners – Shanghai Tang who provided the venue and 10% of the proceeds of its sale during the week of lunar new year; Le Bistro and Roy’s who provided the delectable food and; Better Brands who provided the beverages. FTH Foundation can only exist in partnership with companies and individuals who believe in helping others - who choose to donate or to be investors in microfinance. Thank you for joining us!