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MicroJointVentures Annual Report 2015
MicroJointVentures Annual Report 2015
What follows is a report covering activity from 2014 and some of 2015 as well. Important background
to this report is the civil strife that engulfed Burundi over this period. The President stood for a third
term, despite the constitution only allowing for two terms. This led to great instability and deaths,
including an attempted coup, and many fleeing for their lives. Needless to say, such conditions make
business a secondary consideration at best. Nevertheless, our manager Aime Joseph has bravely
toured the country and filed the report below.
I have to confess that my original hopes for the success of these businesses have not been borne out.
We started our first business in April 2010, with high hopes. However, I no longer believe that it is
reasonable for contributors to expect an economic return from their contributions. I have not updated
the calculation of ownership levels of the various contributors partly because it is a lot of work, and
partly because in the midst of the death and destruction I find it hard to contemplate pulling money
out of these churches. Contributors might like to contact me about their feelings in this. Contributors
should be aware that I have not been paid in any way for my work overseeing these projects, so that
all contributions have gone either to our manager (Aime Joseph, who lives in Burundi, and who tours
the different projects at personal risk), to Western Union (the costs of money transfer) or (the vast
majority) to the projects themselves.
One noteworthy aspect of the current situation is that Aime Joseph has had more success overseeing
Anglican projects than those from other denominations, owing to his being Anglican. As much as I
wanted to be broad in the kinds of churches we supported, practicalities are pushing in the opposite
direction, towards choosing (Anglican) churches that Aime Joseph can more easily visit and oversee.
Aime Josephs financial commentary below is best understood as stating first the current capital, then
subtracting capital as it stood at the prior reporting period, with the result being the profit for the
period.
Do be in prayer for the different churches and projects, for their growth in Christ in these tough
conditions, as well as their safety and their love for one another. Please ask God for Aime Joseph to
do well looking after not only his own children but the orphaned children of his uncle.
Give thanks that we were also able to make a contribution during the period to free an individual from
hospital. In Burundi, individuals who cannot pay their hospital bills are not permitted to leave the
hospital until they have paid, even if that means months or years in a kind of hospital detention. We
have been asked if we can free three more individuals from hospital, with the price upwards of A$750
for each person. Please ask God for help for those imprisoned in such circumstances.
Mike Russell, November 2015