MEDA Annual Report

MEDA Annual Report - 2007

MEDA Annual Report - 2007

Executive View

Leaders know all about trust. Handling tough choices in our businesses, communities, churches and development programs demands trust – in the strength of our relationships, in the skills and experience we bring, in our values, and above all, in God’s abiding love and guiding hand.

“Let the morning bring me word of your unfailing love, for I have put my trust in you. Show me the way I should go, for to you I lift up my soul” (Psalm 143:8 NIV).

As leaders, we can build Trust in a World of Change. Amid daily chaos, fear and misunderstanding, we are called to help restore right relationships – with God, with neighbors, and with all of creation. At MEDA we believe people in business can serve God with their unique gifts. When we take a risk with the poor and apply business principles to create sustainable livelihoods, hope is clearly the result – hope for economic security, hope for a better future, hope for peace and prosperity.

In business, as in all of life, relationships are the key. Despite flagrant betrayals by some, trust is really at the heart of all business transactions. Relationships depend on trust, so to restore relationships we need to build trust. And that takes time. It comes not so much from what we say but from how we live daily in business, in our professions, in our families. And it begins with hospitality. “Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt” (Exodus 23:9 NKJV).

This year MEDA’s work extended trust and hospitality to 2.2 million families in 39 countries, in partnership with 127 locally owned and managed organizations. Families in places as remote as Afghanistan and Tajikistan, and as close to home as New Orleans and Appalachia, have all benefited from increased incomes, new skills and better health. We have developed friendships and better understanding – relationships based on trust that are surely the building blocks to peace.

We are delighted that 2007 has been a year of continued growth for MEDA, with a positive bottom line. Revenue increased by 17 percent to $16.1 million, while contributions from our 2,500 members and 1,600 donors grew 46 percent to $2.6 million – providing the valuable matching funds that help us leverage contracts from governments and large donors. Our net surplus of $1 million, resulting primarily from generous contributions to our Sarona Risk Capital Fund and some appreciation in the value of our investments, will be reinvested in businesses that serve the poor.

We are immensely grateful to our members and our board who generously share their time, skills and resources to help MEDA build Trust in a World of Change. We invite you to join in this work.

Allan Sauder, President
Mel Stjernholm, Chair


 

MEDA Annual Report - 2006

MEDA Annual Report - 2006

Executive View

MEDA is an association of leaders... in our businesses, our communities, our churches, and our development programs around the world. To lead is to influence change. As leaders, we have the opportunity to Set the Pace. MEDA’s members are entrepreneurs who work together to help others reach their God-given potential. Investing in business goes far beyond our own ventures – it stretches to helping women in Pakistan access better markets for their embroidery; farmers in Nicaragua to access the capital they need to grow; young entrepreneurs in North America to develop the skills and confidence to get into business; students in Egypt to work more safely while they help their families afford education; and mothers in Tanzania to buy insecticide-treated bed nets that protect them and their families from malaria.

But to lead is also a responsibility. We are called to lead in ways that our values are inseparable from our work. Our organizations’ credibility depends on our personal integrity in all matters and truly caring for those whom we serve – customers, partners, donors, clients, investors and everyone we encounter in our working life. We are called to lead in ways that honor God, because it is God who is ultimately in charge.

“Our lives get in step with God and all others by letting God set the pace, not by proudly or anxiously trying to run the parade.” (Romans 3:27 The Message)

It is our privilege to bring you this report of MEDA’s activities in fiscal year 2006. We are pleased to report that MEDA continues to be a leader in innovation for the poor – setting the pace for others to follow. Through our programs of economic development we served more than 2.6 million clients this year, in partnership with 173 organizations in 35 countries around the world. And those numbers do not even count the organizations that we worked with in the past who continue to provide thousands of entrepreneurs with financial, marketing and training services long after MEDA is no longer directly involved.

We are also very pleased that 2006 has been a year of continued growth for MEDA, with a positive bottom line. Total revenue increased by 25 percent to $13.7 million, while contributions from our members and donors increased six percent to $1.8 million and provided the valuable matching funds that we need to leverage contracts from governments and other donors. Our net surplus of $696,000 resulted primarily from generous grants and contributions to our Sarona Risk Capital Fund and some appreciation in the value of our investments.

We are immensely grateful to our members and our board who generously share their time, skills and resources to help MEDA set the pace. We invite you to share in this work.

Allan Sauder, President
John Yoder, Chair