Development Credit Authority: Helping People Help Themselves
This video was made by compiling footage contributed by various USAID missions. The borrowers featured in the interviews are just a few of the many who have improved their lives and invested in their businesses through loans that were made available by USAID's guarantee program, the Development Credit Authority.
This video was produced by Sorkin Productions using video and photo contributions from the following people: Mary Joy Jochico, Jose del Rosario, Ruth Chisholm, Pharesh Ratego, Mark Rostal, Andrei Muchnik, Roman Woronowycz, Danumurthi "Monty" Mahendra, Ana Luisa Pinto, Nena Terrell, Karina Duran, and Sashi Selvendran.
Transcript
Development Credit Authority: Helping People Help Themselves
The Development Credit Authority (DCA) has guaranteed over $1.9 billion in private credit in nearly 70 developing countries since 1999.
Guaranteed loans are used for investments in sectors such as clean energy, health care, education, agriculture, microfinance, and small and medium enterprise development.
Philippines: Improving Municipal Infrastructure
(Man talking)
When we first arrived, we had a very hard time getting water, which was in 1982. It was a time of sacrifice, because we had to go to the river. Then a time came when water lines were being installed from 1989 to 2009, and the water flow is much better now.
Jamaica: Supporting Microfinance
(Woman talking)
When I started out, I started by myself, and then I used one of my daughters, and then when the other one graduated from high school I let her come into the business also, because I wanted to make it a family business. And now I have three more workers along with my two daughters. I heard about USAID, and USAID did a lot for me. It helped me with my small business until it got bigger. It helped me to put my children into high school and college.
Kenya: Financing Water Services
(Woman talking)
I'm very happy with this Kiamumbi water project, because it has been a success, and because we are getting now a constant water supply. And, like me, who is a dairy farmer, I used to have a lot of problems because my cows did not have any water, and I had to waste a lot of time fetching water. So I'm very happy with this project.
Russia: Investing in Private Enterprise
(Man talking)
When we applied for a loan, we didn't have enough collateral, so it was 50% of our assets and a 50% guarantee from USAID. Working together, we successfully completed construction and opened our restaurant in September 2006.
Indonesia: Rebuilding Livelihoods
(woman talking)
I have run this store with my husband for around nine years. Business is good. It is better now after makeshift kiosks (erected after the tsunami) that stood in front of our store were cleared.
(different woman talking )
I got the loan from Bank Danamon. I borrowed 10 million rupiah ($1,000 USD). I have one year to pay it back. I use the loan to buy goods and operating supplies for my café. I want to increase my income so I can pay the tuition for my children's school. I want my children to have a better life other than selling coffee.
Kenya: Enabling Entrepreneurs
In 1994 I had nothing, not even a house to live in. So when Oiko (Oikocredit) started in 2006, I took a loan of about 400,000. The loan which I had, I constructed the rooms you can see, and now they are helping me. There are five rooms. I usually get 10,000 per month, and I'm very much happy. May God bless Oiko people.
(man speaking)
I've been able to construct two residential plots. This is the latest. The first one I built after getting the first batch of Oiko loans is that one up there. But this one is the latest. This one I'm already paying. I have not yet completed, but once I complete, I'll do the same, so that at least I can have a future, because this is a good investment.
(slideshow of still shots)
Over $1.9 billion of private credit mobilized. Over 200 guarantees throughout the developing world.
Development Credit Authority: Promoting Private Investment in Development
Back to Top ^
|
