Opportunity International 
Summary
Opportunity International is in the global fight against poverty. Al Whittaker founded the first Opportunity program in Latin America in 1971. In 1976, David Bussau, an Australian entrepreneur, founded a similar job creation program in Indonesia, and in 1979, the two programs united. It's mission is motivated by Christ's call to serve the poor. By the end of 2008, Opportunity International had expanded to 28 developing countries, serving over 1,250,000 loan clients, 420,000 savings clients and insuring over 1.8 million lives. Opportunity International is a nonprofit organization. Contributions to it are fully tax deductible to the extent allowed by law.
Contact information
Mailing address:
2122 York Rd
Oak Brook, IL 60523-0523
Website: www.opportunity.org
Phone: (630) 645-4100
Email: getinfo@opportunity.org
Organization details
EIN: 540907624
CEO/President: Vicki Escarra
Chairman: Mark Thompson
Board size: 18
Founder: Al Whittaker, David Bussau
Year founded: 1971
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: No
Member of ECFA since:
Purpose
Opportunity International is in the global fight against poverty. Al Whittaker founded the first Opportunity program in Latin America in 1971. In 1976, David Bussau, an Australian entrepreneur, founded a similar job creation program in Indonesia, and in 1979, the two programs united. It's mission is motivated by Christ's call to serve the poor. By the end of 2008, Opportunity International had expanded to 28 developing countries, serving over 1,250,000 loan clients, 420,000 savings clients and insuring over 1.8 million lives.
As a microfinance organization, Opportunity provides poor entrepreneurs with capital (as little as $50 but typically around $180) and business training to start and expand small businesses. By increasing their clients' income level, Opportunity seeks to provide improved living conditions, access to health care and education for children so that the cycle of poverty is permanently broken. Women are the most economically vulnerable people in the Developing World, and 85% of Opportunity's loan clients are women.
The majority of Opportunity's clients are part of Trust Groups, in which 15-40 people self-select its members and choose their leaders. The members each receive a loan and agree to co-guarantee the loans of the other members. This fosters a commitment to the success of the group, as well as social and economic development within the community. 98% of Opportunity's clients repay their loans, and the money is then re-loaned to another client, so that the money is re-cycled and not consumed.
Opportunity is also working to build scalable, sustainable, and accessible banks throughout the developing world to provide savings and insurance products tailored to the specific needs of each region. Savings accounts provide a secure, convenient way for clients to manage money and prepare for a crisis or business opportunity. These savings accounts also bring stability and a means to move away from subsistence living. Opportunity's MicroEnsure, the world's first and largest microinsurance broker, provides protection against the many risks faced by those living in poverty. Innovative products cover more than 800,000 policyholders with crop, loan, health, life, and property insurance-offering clients a safety net when an unexpected hardship or disaster occurs.
Opportunity seeks to transform the lives of their clients economically, socially and spiritually. Clients attend weekly Trust Groups meetings, where they receive Bible-based training on business practices, prayer and devotions. Opportunity has no denominational affiliation, and is dedicated to serving poor clients "of all faiths and no faith".
Opportunity International is a nonprofit organization. Contributions to it are fully tax deductible to the extent allowed by law.
Mission statement
Opportunity International uses the following to express their mission:
Our mission is to provide opportunities for people in chronic poverty to transform their lives. Our strategy is to create jobs, stimulate small business, and strengthen communities among the poor. Our method is to work through sustainable local microfinance institutions that provide small business loans, savings, insurance and training. Our commitment is motivated by Jesus Christ's call to serve the poor. Our core values are respect, commitment to the poor, integrity, and stewardship.
Statement of faith
OI uses the following to express its guiding principles:
"Give to the one who asks you, and do not turn away from one who wants to borrow from you." Matthew 5:42
People who care about the poor and hold scripture in high regard are not surprised to learn that several hundred verses in the Bible attest to God's concern for the poor. In Matthew 25, Jesus says,"whatever you did for one of the least of these brothers of mine, you did for me."
The Oxford Declaration on Christian Faith and Economics affirms that poverty was not part of God's original creation, and that poverty and powerlessness are an offence to God and a denial of his loving provision for his creatures. To neglect the poor reveals a lack of love that does not match God's unlimited concern for humanity, nor Christ's mission that portrays deep care for suffering people.
"He who oppresses a poor man insults his maker." Proverbs 14:31
Opportunity International heeds Christ's call to serve the poor by providing opportunities for impoverished people to transform their lives through microenterprise development--providing small business loans and training so people can work out of poverty with dignity. This strategy demonstrates that God's concern for the poor is not just to meet their economic needs, but to empower them to meet their own needs.
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 438 of 591 | 58 of 68 |
| Fund acquisition rating | | 431 of 591 | 55 of 68 |
| Resource allocation rating | | 155 of 591 | 32 of 68 |
| Asset utilization rating | | 560 of 591 | 67 of 68 |
Financial ratios
| Funding ratios | Median % for all ministries in MW database | 2018 | 2017 | 2016 | 2015 | 2014 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 19% | 17% | 14% | 20% | 19% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 6% | 8% | 7% | 11% | 6% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 94% | 32% | 50% | 52% | 58% | 31% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 8% | 8% | 8% | 12% | 6% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 6% | 68% | 50% | 48% | 42% | 69% |
| Operating ratios | Median % for all ministries in MW database | 2018 | 2017 | 2016 | 2015 | 2014 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 88% | 86% | 87% | 83% | 92% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 80% | 102% | 87% | 93% | 102% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 71% | 87% | 75% | 77% | 94% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 20% | -2% | 13% | 7% | -2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 3% | 27% | -2% | 18% | 8% | -4% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 5% | 6% | 5% | 5% | 3% |
| Investing ratios | Median measure for all ministries in MW database | 2018 | 2017 | 2016 | 2015 | 2014 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.04 | 0.18 | 0.17 | 0.20 | 0.20 | 0.34 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.72 | 5.54 | 5.37 | 4.97 | 1.80 | 1.08 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.18 | 0.99 | 0.89 | 0.98 | 0.35 | 0.37 |
| Liquidity ratios | Median measure for all ministries in MW database | 2018 | 2017 | 2016 | 2015 | 2014 |
Current ratio Current ratio = Total current assets / Total current liabilities | 8.75 | 0.51 | 0.55 | 0.53 | 1.90 | 1.78 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.11 | 1.94 | 1.83 | 1.89 | 0.53 | 0.56 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.74 | -11.43 | -11.14 | -10.84 | 16.18 | 14.13 |
| Solvency ratios | Median % for all ministries in MW database | 2018 | 2017 | 2016 | 2015 | 2014 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 84% | 84% | 84% | 83% | 77% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 19% | 50% | 44% | 52% | 23% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 77% | 91% | 94% | 83% | 89% | 68% |
Financials
| Balance sheet | |||||
| Assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Cash | $38,377,198 | $35,837,237 | $39,414,085 | $39,660,029 | $104,396,441 |
| Receivables, inventories, prepaids | $9,787,708 | $13,277,250 | $12,138,656 | $142,902,040 | $256,233,162 |
| Short-term investments | $621,055 | $600,843 | $541,753 | $658,135 | $835,465 |
| Other current assets | $375,668 | $375,668 | $390,668 | $272,568 | $301,605 |
| Total current assets | $49,161,629 | $50,090,998 | $52,485,162 | $183,492,772 | $361,766,673 |
| Long-term investments | $8,709,397 | $8,812,520 | $5,931,467 | $11,227,491 | $6,865,250 |
| Fixed assets | $5,292,398 | $5,063,204 | $5,941,014 | $5,672,286 | $23,787,462 |
| Other long-term assets | $209,074,609 | $204,800,511 | $196,241,945 | $130,355,986 | $0 |
| Total long-term assets | $223,076,404 | $218,676,235 | $208,114,426 | $147,255,763 | $30,652,712 |
| Total assets | $272,238,033 | $268,767,233 | $260,599,588 | $330,748,535 | $392,419,385 |
| Liabilities | 2018 | 2017 | 2016 | 2015 | 2014 |
| Payables and accrued expenses | $9,526,439 | $16,652,046 | $16,347,637 | $18,550,591 | $29,985,514 |
| Other current liabilities | $85,943,102 | $74,769,203 | $82,787,780 | $77,930,677 | $173,157,632 |
| Total current liabilities | $95,469,541 | $91,421,249 | $99,135,417 | $96,481,268 | $203,143,146 |
| Debt | $52,078,279 | $133,087,115 | $115,332,211 | $172,143,186 | $88,748,979 |
| Due to (from) affiliates | $2,172,309 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $78,104,100 | $2,499,887 | $3,396,794 | $4,993,288 | $9,176,940 |
| Total long-term liabilities | $132,354,688 | $135,587,002 | $118,729,005 | $177,136,474 | $97,925,919 |
| Total liabilities | $227,824,229 | $227,008,251 | $217,864,422 | $273,617,742 | $301,069,065 |
| Net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Unrestricted | $31,404,461 | $23,481,903 | $24,214,979 | $27,744,257 | $43,641,017 |
| Temporarily restricted | $13,009,343 | $18,277,079 | $18,520,187 | $24,378,911 | $42,701,678 |
| Permanently restricted | $0 | $0 | $0 | $5,007,625 | $5,007,625 |
| Net assets | $44,413,804 | $41,758,982 | $42,735,166 | $57,130,793 | $91,350,320 |
| Revenues and expenses | |||||
| Revenue | 2018 | 2017 | 2016 | 2015 | 2014 |
| Total contributions | $19,435,604 | $21,966,111 | $30,812,404 | $39,772,061 | $40,217,599 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $25,902,197 | $21,226,434 | $27,194,148 | $27,206,170 | $74,568,710 |
| Other revenue | $15,061,457 | $578,642 | $1,482,045 | $2,130,777 | $16,648,091 |
| Total other revenue | $40,963,654 | $21,805,076 | $28,676,193 | $29,336,947 | $91,216,801 |
| Total revenue | $60,399,258 | $43,771,187 | $59,488,597 | $69,109,008 | $131,434,400 |
| Expenses | 2018 | 2017 | 2016 | 2015 | 2014 |
| Program services | $42,641,318 | $38,067,841 | $44,845,857 | $53,447,867 | $123,299,344 |
| Management and general | $2,254,629 | $2,733,353 | $2,511,814 | $3,256,182 | $3,545,274 |
| Fundraising | $3,719,175 | $3,700,196 | $4,301,394 | $7,839,437 | $7,829,659 |
| Total expenses | $48,615,122 | $44,501,390 | $51,659,065 | $64,543,486 | $134,674,277 |
| Change in net assets | 2018 | 2017 | 2016 | 2015 | 2014 |
| Surplus (deficit) | $11,784,136 | ($730,203) | $7,829,532 | $4,565,522 | ($3,239,877) |
| Other changes in net assets | ($3,861,578) | ($245,981) | ($11,358,810) | ($20,462,282) | ($4,283,902) |
| Total change in net assets | $7,922,558 | ($976,184) | ($3,529,278) | ($15,896,760) | ($7,523,779) |
Response from ministry
No response has been provided by this ministry.
History
In 1971, Al Whittaker, president of Bristol-Meyers International Corporation, asked poor people, "What do you need?" They answered, "We need work. With jobs we will solve our own problems." Whittaker acted on that answer and founded the first Opportunity program in Latin America. In 1981 Al Whittaker, President Opportunity International, retired and is Chairman Emeritus.
In 1976, David Bussau, an Australian entrepreneur, founded a similar program in Indonesia. Three years later, the two programs united. Poor people on two continents proved that with small loans to start up or expand micro-businesses and cottage industries they could support their families. The Opportunity Network now has partners in 29 countries, in Africa, Asia, Latin America and Eastern Europe.
Program accomplishments
GLOBAL IMPACT
Loan clients: 1,250,000
Dollars loaned in 2008: $840 million
Average first loan size: $181
Loans to women: 85%
Repayment rate: 98%
Savings clients: 420,000
Savings deposits: $225 million
Microinsurance Policyholders: 815,000