Monday, April 30, 2007

Proposed Support Increase

The Board of Directors recently decided to increase the support given to missionaries in Ethiopia from $50 US to $60 per month. This is the first increase since the founding of IOI over eight years ago.
The increase is necessary due to inflation and a desire on our part to be a greater blessing to our brothers and sisters in Ethiopia. It is hoped that the increase will ease some financial pressure.
The price of teff, the staple of Ethiopian diet that is consumed at most every meal, has increased over 100% in the past eight years. This increase has had a trickle down effect on the cost of other goods. Housing costs have also risen dramatically.
Donors are being asked to consider an increase in giving from $50 to $60 per month. We are also seeking additional supporters who can help to make up the difference for those who are unable to increase their monthly giving. Donors will now have the option to provide “half-support” of $30 per month and share their missionary with another supporter.
This change is scheduled to be fully implemented by the end of the year. v

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