In This Issue

Director's message:	Director's message
News headlines:	Bolivia : Solar energy brightens rural areas Responsible leadership
General news:	Brazil : Thousands learn about microcredit ECLOF at the WCC assembly Commitment, learning and celebration 60th anniversary sculpture Armenia : Children beat snow to celebrate ECLOF anniversary Philippines : Potato imports hit farmers
Meeting our clients:	Brazil : A load of rubbish! Rice loans in Myanmar : ECLOF/Baptist Church partnership Armenia : Grape growth brings prosperity   From little fish, big fish grow   Producing high quality seed potatos Ghana : ECLOF supports mission of churches Philippines : Inspiring client's stories
NEC news:	Ghana director joins new finance network India : New director Geneva : New Programme / Finance Assistant Armenian intern in Geneva Malawi : New director Colombia : Creating confidence and taking risks   Treasurer decorated Three sad and untimely deaths Armenian possibilities
Capacity building :	Swaziland : Microfinance learning
Letters to New Horizons:	Prime Bishop of the Episcopal Church in the Philippines writes to ECLOF's Chairman From Sweden to Ghana : a letter from Marta Lindvert
Book preview:	Responsible Leadership : Global Perspectives Agricultural microfinance : Managing risks and designing products