With Pennies a Week, African Women Are Saving for Their Future
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CARE has pioneered an approach that meets the need for microfinance at the very bottom rung of the world's economic ladder. CARE Village Savings and Loan Associations (VSLAs) empower women to pool their savings – with no outside capital – and then make loans to each other to start small businesses or pay for important life expenses.
Read more about our VSLA approach, along with other best practices at work in Africa, in CARE's 2011 report: "Microfinance in Africa: State of the Sector Report. Closing the Gap."
Thanks to microfinance, women at the bottom of the world's economic ladder are finally gaining access to financial services that allow them to save and start income-generating businesses. Take action now to promote the economic empowerment of women and propose concrete steps that the United States can take to play a positive role in improving the lives of the world's poorest women and their families.
Invest Today
CARE knows from experience that investing in the earning power of women yields large benefits in terms of family income and well-being. When women earn, everyone benefits. CARE's microfinance initiatives have lead the way in empowering women. Donate now to help women around the world get the tools and resources they need to lift themselves and their families out of poverty.
