Look To The Stars News: FINCA

Gwyneth Paltrow Attends FINCA UK Launch

Thu, 11 Dec 2008 15:00:00 -0000

FINCA International, a leading not-for-profit microfinance organization for nearly 25 years, launched FINCA UK this week, with a little help from Gwyneth Paltrow.

Paltrow was on-hand at a special fundraising evening held in London on Tuesday, December 9, to raise awareness of FINCA UK, which aims to help alleviate poverty by supporting the provision of small loans to the world’s lowest-income entrepreneurs living in the developing world.

The evening raised over $100,000 for FINCA, and was followed on Wednesday by a symposium attended by representatives from major corporations – including GE, British Petroleum, Credit Suisse and Standard Chartered Bank – who are involved in microfinance projects around the world. Former UK Trade Minister Digby, Lord Jones of Birmingham was the keynote of the Symposium.

FINCA lends money to women in developing countries to set up their own shops and businesses, so they can create jobs, build assets and improve their standard of living. It’s Village Banking scheme was launched by Her Majesty Queen Rania Al-Abdullah of Jordan and actress Natalie Portman.

The launch of FINCA UK will contribute to the success of FINCA’s Global Village Banking Campaign, whose goals are to operate 100,000 Village Banks in the world’s most destitute neighborhoods by 2010, effectively reaching one million of the world’s working poor with loans and financial services giving them the tools to raise their own incomes

Portman Honored for Charity Work

Tue, 02 Sep 2008 15:30:00 -0000

Written by Myrlia Purcell

In Venice for its film festival, Natalie Portman has become the first recipient of the Movie for Humanity Award in recognition of her dedication to humanitarian causes.

This accolade from the Kineo Italian Movie Awards aims to recognize film artists who devote themselves to philanthropy, as Portman unquestionably has. Aside from launching the Village Banking Campaign with FINCA, speaking up for the endangered Rwandan Mountain Gorilla, and highlighting the plight of needy children around the world, she is an enthusiastic supporter of Tacare Girl’s Scholarship Programme of the Jane Goodall Institute in Tanzania.

The scholarship program, which carries out wildlife research in Tanzania, was established to create opportunities for women’s education and provide access to secondary and higher education, ultimately leading to job opportunities.

Portman’s $50,000 award prize money will go to the scholarship program.

“The Jane Goodall foundation does incredible work in Tanzania, an area which is very environmentally affected. I really appreciate this award,” Portman said.

The 27-year-old actress is making her directorial debut at the Venice Film Festival with a short film called Eve.

A Conversation With Natalie Portman

Wed, 09 Jul 2008 15:30:00 -0000

Written by Marianne Schnall

Natalie Portman recently spoke about her philanthropic interests with our guest contributor, Marianne Schnall.

Natalie Portman is an Oscar-nominated actress who became an international star with her role as Queen Amidala in the “Star Wars” trilogy. She is an advocate of many social causes and was recently named the first Ambassador of Hope for FINCA International, an organization that promotes micro-lending to empower women in poor countries by helping them start their own businesses. She traveled to Africa and South America promoting FINCA’s work and in April 2007 completed a documentary about the power of micro-financing to change lives in impoverished countries.

For people who may not be familiar with FINCA, how would you describe the overall goal or mission of the organization?

Well, it’s a microfinance group and it works in twenty different countries and it will be expanding to more countries this year. And what microfinance does is based on a concept called “village banking,” wherein FINCA will go into a small village and find clients who want to be involved. They’re primarily women, and they start a village bank. So that means the women insure each other’s loan. And they get small loans – they’re called ‘microloans’ – they usually start around fifty dollars, but can go up to five thousand dollars after women have been with FINCA for a while and have proven their responsibility. And the women insure each other while they start these businesses – and they make all their own rules and everything.

And so it basically gives them a way to have agency in their own lives to sort of make their own destiny. Because what you find in these places is that women become sort of slaves to whatever jobs are available – I mean if there’s a factory in town, there’s that one factory and that’s where they have to work. And this allows them to open their own businesses, which means that they can stay home with their children if they need to – they can maybe run the business from home – and they are able to make better wages, so they’re feeding their children better, educating their children better – getting better health care, living conditions – I mean, all the side effects of poverty are helped by this one program. And it’s sustainable, so that you go in once to a village, you put money in once, and that money continues forever – once that money is in the bank, because the women pay back their loans with interest at such incredible rates – it’s like 97, 98% – it’s better than wealthy people in the United States [laughs] – the money continues and it turns over three times a year, so one amount of money serves three women every year – and their families of course.

There has been increasing awareness about the urgency and the growing crisis of world poverty, and people are starting to look at creative solutions – how do you see the role of microfinance contributing to the solution?

Well, it’s definitely just one of many creative solutions that as a package I am sure can help poverty, and the problems associated with poverty. Look – the one thing that I find really shocking, I mean, that is something you don’t learn in school that I was really surprised to find out about, was that not only are two-thirds of the world’s population in poverty, under $3 a day – that’s like 4 billion people – 70% of them are women and children, which I think is shocking. They’re calling it the feminization of poverty – it’s becoming more and more so. And when women are the poor ones in society, are disproportionally making up the world’s poor, you get an imbalance of power obviously between the sexes, which obviously leads to other social inequalities for women, more violence probably, and when a child is brought up into a world where his Dad has money and his mother does not, they might be more likely to follow their father into violence or drunkenness – these are a lot of the sort of problems you find in many of these communities in terms of how children make their choices.

And this gives women power over their sexual reproductive rights: they find the thing closely associated with controlling birth rates is women’s education, which is obviously related to women’s socio-economic status, so the more money a woman has, the more educated she is, and the more educated she is, the more she knows about how to prevent pregnancy, and also has more reproductive control – she feels a greater ability to say no to a man when she doesn’t have to depend on him for money. You really see this chain of events, and obviously women can really be at the core of changing things for the next generation since they are the ones caretaking for the next generation.

There are so many organizations you could have lent your support to, and you have now worked with FINCA for four years – what first attracted you to their cause and how did you first get involved?

Well, I really wanted to work on sort of mid-east peace, because I’m from Israel originally. And I really wanted to work on something with Queen Rania of Jordan, because she’s probably the woman I most admire from my region. And so I got in contact with her and her staff, and they recommended to me to get involved with FINCA, which was something that she was part of. And she talked a lot about the hope gap that exists – that what you’re dealing with in these conflicts is – I mean the economic gap can best be described, in her words, as a hope gap. And it’s true – the despair leads to sort of nihilism, and that can be very, very dangerous. But this hope gap, mending the economic divide, is sort of the first step, or a first step towards bettering the situation we find ourselves in today.

On behalf of FINCA you’ve visited programs in many diverse parts of the world. What are those trips like for you? What are some of your most memorable experiences from these trips?

It’s sort of the most amazing thing – I mean, I’ve gotten so much out of it. The coolest thing is the opportunity to meet these people. These women are incredible. You go to these villages and usually, as an American, when you travel, even if you go to places like Uganda or Guatemala – you’re probably not going to get to interact with locals. And especially not locals who are like living in squalor. You might meet some wealthy people who live there, you might meet people who are working at your hotel or whatever – but to actually be in the villages and get to talk to people is such a lucky experience.

I was in Uganda and I met this woman who had ten children and she had been in FINCA for eleven years. And she had ten children – when she started out her husband was beating her because she couldn’t have a boy. She had only girls. So he had kicked her out and she was living on 80 cents a day. With ten kids. And she was like begging her neighbors to give her like old laundry water just to clean their clothes. And she started on a $50 loan with FINCA eleven years ago, and she now has, I think it’s a $2,000 loan, eleven years later, and she owns a huge restaurant. She sends one of her daughters to university and she employs seven other women in her village.

And you just see like in one generation how someone can turn it around. They are the most amazing people – they’re up against everything you can imagine in the world – I mean, extreme poverty, extreme disease. I mean in Uganda, so many people are affected by AIDS, but also malaria is terrible as well. And their life expectancy is forty-six years old; the average birth rate for every women is 6.7 children per woman, and they all adopt their sibling’s children if they pass away, so it’s just extreme, extreme pressure that I can’t even begin to imagine. And yet they’re so loving and hard-working and positive and find so much joy – not to be completely cheesy about it, but it’s inspiring, and it’s just incredibly moving to be around them.

What is most needed in this area – what can other people do?

Well, going onto the FINCA web site, it’s very easy to contribute to Village Bank. It’s very easy to give. $50 is like a loan for one woman, $5,000 opens an entire bank, so $5,000 will serve twenty women or something. It’s a pretty incredible turn-over. And also just to read up on it. It’s really interesting. I don’t want to be like any sort of like know-it-all [laughs] but I just find it to be such an amazing thing to learn about, how women live in much of the world.

There seems to be greater awareness about the serious issues we are facing, such as world poverty and global warming, which is spurring a growing, hopeful movement for change. What is your perspective on the current situation in the world – are you optimistic?

I am exactly for every reason you’re saying. I see a lot of people really wanting to do positive things in the world. And I feel that it’s like a new generation – I hope. You can only be optimistic because I don’t really know how you’d wake up in the morning if you felt pessimistic. I mean, it’s obviously easy to feel that way with the news – you can watch the news and it feels like it’s the end of the world, very like apocalyptic [laughs]. So I just stay away from the news and try and find people around me who are doing positive things and look to them.

To read the full interview with Natalie Portman, visit feminist.com.

Natalie Portman - Beauty, Brains, And Heart

Fri, 04 Jan 2008 10:01:00 -0000

Written by Tim Saunders

She may have made her name as Luke Skywalker’s mother in Star Wars, and has since gone on to make some of the most interesting art-house films produced in the last five years, but young starlet Natalie Portman is more than just another Hollywood bimbo. Under the beauty lies a brain and heart many people only dream of possessing.

Born Natalie Hershlag in Jerusalem, Israel, to an Israeli father and an American mother, the 26-year-old actress comes from a family with a long history of social and political activism. Her grandfather, for example, was a socialist economics professor of the developing world who set up one of Israel’s first Kibbutzes. It was an atmosphere that left its lasting mark on Portman – she became a vegetarian at the age of eight, and joined an environmental dance troupe at the age of 12.

The star of the Star Wars prequels, as well as independent films such as “Closer” and “Garden State”, is an enthusiastic advocate for animal rights, and refuses to wear products made from fur, feathers, or leather. In 2007 she even launched her own range of vegan footwear, and she has also appeared in a documentary in which she trekked through a Congolese national park in search of the endangered Rwandan Mountain Gorilla.

But the Harvard University psychology graduate’s real passion is alleviating poverty in Third World countries. In May, 2007, Portman joined Queen Rania Al-Abdullah of Jordan to launch the Village Banking Campaign for the Foundation for International Community Assistance (FINCA). The campaign is designed to provide financial services to the world’s lowest-income entrepreneurs so they can create jobs, build assets, and improve their standard of living.

“I really wanted to work on Middle East peace, because I’m from Israel originally,” said the young star. “And I really wanted to work on something with Queen Rania of Jordan, because she’s probably the woman I admire most from my region. So I got in contact with her and her staff, and they recommended for me to get involved with FINCA.”

Portman is immensely proud of her role as an Ambassador of Hope for FINCA, and has visited programs run in countries such as Ecuador, Guatemala, Mexico, and Uganda. She even produced a charity album for the organization, Big Change – Songs For FINCA, that featured songs by artists such as Norah Jones.

“My goal for this campaign is to galvanize my generation to support Village Banking, and take a leadership role in the fight against poverty,” she said at the launch of the initiative. “We have the ability and the responsibility to make our shrinking world a more hopeful, stable and peaceful place. With all of the tools we now have at hand – new anti-poverty approaches like microfinance; technology that helps us mobilize even greater numbers of people; and a growing understanding of the imperatives – we have no excuse to miss this opportunity.”

Portman has also recently been chosen to represent the Listen Campaign, joining Hollywood legends such as Samuel L. Jackson, Kurt Russell, Goldie Hawn, and Jessica Lange in a new and exciting multimedia charity initiative designed to highlight the plight of needy children around the world. The scheme, launched in November 2007, hopes to raise $1 billion over the next 10 years.

“I understand that people might be jaded,” said Portman. “I know I get turned off by most celebrity joining-in efforts. But I’m interested in this because it’s about diverting some of the unwarranted attention we have in our celebrity-crazed culture and passing it on to something else. We can give people a voice who would not normally have one.”

The Listen Campaign website includes a video of Portman visiting a young 17-year-old boy named Nicholas in Uganda – an HIV-positive AIDS orphan who is trying to raise his sister and three brothers.

“The thing that upset me most is that we weren’t taught about this stuff at school,” said Portman. “We weren’t taught that half the world lives on less than $3 a day.”

Although she has had a lot of success in films, the young actress has thought about trading the position in for work in a non-profit organization, and claims that her travels through some of the poorest countries in the world has really opened her eyes about life, ambition, and true happiness.

And if she has one wish for the future of the planet, it would be this:

“People [should] pay attention, look to their neighbors. I think we’ve lost so much community. I think that’s one of the things I’ve appreciated most seeing in these villages is just the sense of community, where an entire family – an entire community – takes care of each other. And we’ve really lost that. And when you lose that on a personal level, you lose that on a global level as well. But I see a lot of people really wanting to do positive things in the world. And I feel that it’s like a new generation. You can watch the news and it feels like it’s the end of the world, very apocalyptic. So I just try and find people around me who are doing positive things.”

Natalie Portman teams with iTunes to help FINCA

Wed, 14 Nov 2007 09:45:21 -0000

Written by Regina Walton

Award-winning actress Natalie Portman teamed with iTunes to help the Foundation for International Community Assistance (FINCA).

Portman, who is an Ambassador of Hope for the FINCA organization, was invited by Apple iTunes to produce FINCA’s first charity album. The proceeds from this album will benefit FINCA’s Village Banking Campaign. The album, titled Big Change: Songs for FINCA, is a collection of 16 songs. Some of the artists on the compilation has both old and new tracks from Norah Jones, Tom Brosseau, Sean Hayes, Brett Dennan and many others. It is available now exclusively at the iTunes store for $7.99. The net proceeds will benefit FINCA.

FINCA is an organization that promotes the use of micro-finance to provide financial services to the world’s lowest-income entrepreneurs. In this way they help these entrepreneurs create jobs, acquire assets, and improve their standard of living. Portman has been active in promoting micro-finance for a few years now. She has visited FINCA programs in Ecuador, Guatemala, Mexico and Uganda. She has also taken the message of micro-finance to many schools and organizations by speaking on behalf of the organization.

Natalie Portman Promotes Loans To Women

Mon, 30 Apr 2007 18:47:51 -0000

Written by Steve Purcell

In an interview on Sunday, Natalie Portman told ABC’s “The Week” that small loans can change the lives of some of the world’s poorest women.

The actress is a supporter of FINCA, an organisation which provides such loans to individuals in developing countries.

Portman said that she had met mothers younger than her who had no option but to take low-paid jobs in poor conditions.

“And then they’re able to get a loan and start their own business out of their own house and be with their children,” Portman said. “It changes the whole system.”

Look To The Stars News: FINCA

Gwyneth Paltrow Attends FINCA UK Launch

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