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Goshen College students run a coffee shop for course credit
As published in The Marketplace Magazine Nov-Dec. 2018
Melissa Ma pours a drink for a Java Junction customer
GOSHEN, IND — Michelle Horning likes to see students apply their business studies to the real world of business.
So much so that she has students operate a coffee shop on the Goshen College campus, for course credit, in a class called Java Junction management.
“Reading a book about business is completely different than running a business,” says Horning, who is an accounting professor and chair of Goshen College’s business department.
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University student wins MEDA 5K pitch competition with system to help visually impaired people
As Published in The Marketplace Jan-Feb 2019
Hillary Scanlon doesn’t want vision loss to prevent people from sustainably disposing their waste.
Scanlon, a 23-year-old Wilfrid Laurier University student, has a personal stake in the issue.
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To passersby, Everence Financial’s main office, a few blocks out of Goshen’s downtown core, looks like many other modern commercial buildings.
Only the sign listing the businesses working under the Everence corporate umbrella gives any hint of the complexity of an organization that includes a trust company, the Praxis mutual funds firm, and the Everence Federal Credit Union.
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Skills developed over 25 years in banking help Ken Hochstetler lead Everence
Goshen, IND — Ken Hochstetler’s office at Everence’s corporate headquarters isn’t adorned with the trophies, diplomas and awards you might expect in the workspace of a man who heads a $3 billion company.
The only framed mementos that reflect his journey are a print he received after serving nine years on MEDA’s board, and a smaller certificate that dates back four-and-a-half decades.
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MEDA’s work in northern Nigeria is “the right project, in the right place at the right time,” strengthening businesses, creating jobs and fostering women’s equality, MEDA staffer Kim Pityn says.
MEDA’s chief operating officer made the comments about a recent visit to Nigeria during the organization’s annual general meeting in Indianapolis.
“I was overwhelmed with the entrepreneurial spirit of the clients. It was fabulous.”
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MEDA posts record results for second consecutive year
Allan Sauder and Dorothy NyambiIndianapolis — As Allan Sauder’s leadership of Mennonite Economic Development Associates ended in 2018, the organization’s success in creating business solutions to poverty reached an all time high.
MEDA set new records, both in donations received and clients served, for the second consecutive year, Sauder noted in his final address to the organization’s annual convention in November. In the year ended June 30, MEDA received $8.2 million in private donations from supporters in North America and Europe, up 31 per cent from a year earlier.
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Dorothy at her home in AncasterAs printed in The Marketplace - 2018 - November-December
MEDA’s new president is first doctor, woman to hold the position
As a child growing up in Cameroon, Dorothy Nyambi wanted to pursue a career in medicine.
Initially, Dr. Nyambi wanted to be a pharmacist, as she believed pharmacists cured people. “I later found out the pharmacist fills out the prescription. They don’t really diagnose the disease.”
That insight altered the career path of the woman who will become MEDA’s president and chief executive officer in late November. Nyambi, a dual citizen of Canada and Cameroon, will succeed Allan Sauder, who is retiring from a post he has held for 16 years.
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As printed in The Marketplace - 2019 - January/February
People under-estimate their ability to be a healing presence in the world, Shannon Dycus says.
“We know — what MEDA embodies — is that there are many significant ways to make impact upon the lives of burdened people,” she said.
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As printed in The Marketplace - 2018 - September/October
Intersections, Roads to Enduring Livelihoods is the theme of MEDA’s annual Business as a Calling convention, to be held Nov. 8-11 at the JW Marriott Hotel, in Indianapolis, Ind.
Greg Brenneman, a corporate turnaround expert who is executive chairman of private equity firm CCMP Capital and author of the book Right Away & All at Once (see excerpt, pp. 8-9), will provide the opening plenary address on Thursday evening.
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Ukraine farmers use Excel-based calculator to record costs, sales and the bottom line
Alexandra Harmash, MEDA Ukraine’s gender and cross-cutting services manager, developed a business calculator to help farmers keep better records.As printed in The Marketplace - 2018 - September/October
A few years ago, farmers in the Ukraine rarely tracked their financials in the same manner as most businesses.
That meant they often lacked the figures or evidence to show whether certain crops, or their business, was successful or not.
Even those people who used paper-based records, simple Excel sheets or accounting software lacked the guidance, business logic and direction to properly work with data in a way that would provide useful information.
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As printed in The Marketplace - 2018 - September/October
Online training extends MEDA’s reachIn international development work, a variety of factors can combine to limit the reach and effectiveness of training programs.
Even when clients are clamoring for the services being offered, issues around culture, language and traditional gender roles can slow down progress.
Add armed conflict or political instability to the mix and progress requires patience, perseverance, innovation and ingenuity.
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As printed in The Marketplace - 2018 - September/October
Tanzanian firm processes and distributes natural products
Signs at Halisi’s processing plantSara Kessy, pictured below and lower left, is the founder of Halisi Products. Halisi is a MEDA lead firm that works with 1,000 suppliers, mainly women farmers, in Tanzania’s northern Arusha corridor. Halisi, a Swahili word that means natural, processes soya meal, porridge, peanut butter and two types of honey — regular and stingless bee. They also sell spices grown in Tanzania.
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The Schlegel family, clockwise from top left: Jamie, Barb, Brad, Rob and RonAs printed in The Marketplace - 2018 - September/October
By Mike Strathdee
Ron Schlegel’s interest in seniors developed at an early age.
When he was 10 years old, his father, Wilfred, purchased the Egerton private hospital, a nursing home in London, ON. Ron and four of his siblings, along with their parents, moved into an attached apartment.
He carried meal trays and ran errands for residents before school in the morning, again at noon and for the evening meals during much of the next two years. “Once I got the trays finished, I could go play sports.”
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As printed in The Marketplace - 2018 - September/October
Greg BrennemanGreg Brenneman, one of the world’s leading business turnaround executives, is chairman, president, and CEO of the private equity firm CCMP. Brenneman is one of the keynote speakers at MEDA’s upcoming convention: Intersections – Business as a Calling 2018, to be held Nov. 8-11 in Indianapolis, Indiana.
The excerpt below is from his book: Right Away & All at Once: Five Steps to Transform Your Business and Enrich Your Life.
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As printed in The Marketplace - 2018 - September/October
Allan Sauder drives MEDA staffer Mike Miller and supporter Barry Stauffer in rural Nebraska.
Outgoing MEDA president pleased by continued success of early clients
When Allan Sauder looks back on 31 years at MEDA, the last 16 as president, he often thinks back to his early international work.
“There’s no substitute for living in a country to experience both the highs and the lows,” he says. “To experience the depth of the culture, the language, and after a couple of years, realizing that there are limitations to what you can understand.”
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As printed in The Marketplace - 2018 - September/October
Old Testament book a good guide for business decisions
By Nick Ramsing
Leviticus is a great business book. In fact, I’d go so far as to say that systemic poverty in the US wouldn’t exist if we used Leviticus as a business model.
It’s helpful to reflect on our perspectives of Leviticus: its context, central purpose and potential to help us today. Then, I can better explain my perspective as a business and market analyst.
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Nehemiah set an example worth following, pastor says
By Mike Strathdee
As printed in The Marketplace - January/February 2018
David Esau
People looking for a mentor in their daily work would do well to emulate the Old Testament prophet Nehemiah, pastor David Esau says.
“I highly recommend Nehemiah to you.”
Esau, who serves as lead pastor at Eagle Ridge Bible Fellowship in Coquitlam, B.C., made the suggestion in a Sunday morning plenary message at MEDA’s 2017 convention in Vancouver.