Opportunity International & Krach Institute Launch the Trusted Tech Microfinance Initiative
Keith Krach announcesTrusted Tech Microfinance Partnership to Bridge Digital Divide in Low-Income Countries through trusted technology. The Krach Family Foundation, Opportunity International & the Krach Institute for Tech Diplomacy at Purdue will transform the lives of microentrepreneurs by empowering them to participate in the digital economy, with innovative paths to earn income, gain confidence in trusted technology, and improve the quality of life for their families and communities.
The Trusted TechFinance (TTF) initiative will enable participants to access trusted technology products, online education, and training to make existing businesses more scalable and efficient and pursue a broad array of technology-enabled careers including programming, e-commerce, web design, customer service, and more. The partnership leverages the strengths of Opportunity International (OI), as the global leader in issuing microloans to lift people out of poverty, and the Krach Institute for Tech Diplomacy at Purdue (KITD), as the leading global authority for advancing freedom through trusted technology.
The transformative power of trust is a key theme of the partnership. Opportunity International transforms lives through the power of its Trust banks and trust groups. The work of the Krach Institute is founded on advancing freedom worldwide through the adoption of its trust principles and trusted technologies, and the Krach Family Foundation has a history of transforming noble causes through powerful trust networks.
The transformative power of trust is a key theme of the partnership. Opportunity International transforms lives through the power of its Trust banks and trust groups. The work of the Krach Institute is founded on advancing freedom worldwide through the adoption of its trust principles and trusted technologies; and the Krach Family Foundation has a history of transforming noble causes through powerful trust networks.
behalf of the entire Krach family, I want to offer my deepest thanks. Atul, your friendship and partnership in this great cause are a continued source of inspiration for Metta for me and for our five children. And I want to thank all of you for being there at the gala summit.
And our mothers taught us that having a meaningful career is truly about giving it back and paying it forward. And that’s why Metta and I love Opportunity International so much, and we use Opportunity International as an example about the importance of generosity and helping others in need. With our 10 year old twins, you know, we’ve had a chance to see it with our own eyes, the way that OI’s transformational leadership can truly change communities and help families and many of those families living less than a dollar a day. And you do it by spreading kindness, empowerment and hope. You know, when our three oldest children were teenagers, we’d go on journeys and we travel to some of the poorest neighborhoods with Opportunity International to countries like Kenya, Philippines, India, Honduras, Indonesia, Peru, Vietnam, Nicaragua. And through Opportunity International, our three teenagers had a chance to meet so many people and make hundreds of close connections by giving a warm hug and personally handing out numerous $50 loans. They witnessed in person the the impact of what I refer to as the three Big E’s, the power of entrepreneurship, economic empowerment of women and education. And I’ll never forget what my 12 year old son at the time said while we were in the slums of Mumbai after handing a $50 loan to an 18 year old single mother of a crippled child. And this was so that she could purchase a sewing machine instead of some other dreadful alternative. He said, I get it now, dad. Just like it says we’re not giving them fish. We’re teaching them how to fish. And I knew then that by helping our children that way, it would transform their lives forever and understand those that are less fortunate than them. And it actually transformed my life as well. I actually told that story at my Senate confirmation hearing to illustrate the importance of the private sector in running US economic diplomacy. And as a tech entrepreneur, I know when this increasing technological 21st century of ours expanded access to not just to financial but also digital resources is one of the most important things we can do to fight poverty. And that’s why I’m absolutely thrilled the Krach Family Foundation is so proud to sponsor and announce the trusted tech microfinance partnership between Opportunity International and the Krach Institute for Tech Diplomacy at Purdue. . We are more hopeful than ever that with you, we can bring transformational change to global poverty and create a free and more prosperous world so with that, we love you, Opportunity International, and may God bless you all. Thank you very much.