ATLANTA (Sept. 20, 2016) — The poverty-fighting organization CARE announced a Commitment to Action today at the Clinton Global Initiative (CGI) Annual Meeting to link 500,000 women to formal financial services across Africa and parts of Asia by 2020.
Twenty five years ago, Moira Eknes from CARE Norway arrived in the Sahel desert to plant trees in a remote region of Niger, West Africa. She couldn’t have known just what seeds she would sow.
A few years ago, life was not so good for Kavira* - a 32 year old mother of five children. They were living on their own after being abandoned by their father four years ago.
“It was our first time to grow and sell medicinal herbs. And we didn’t expect it would change our lives.”
Maria Samillano’s simple life with her husband and three children was agitated when super typhoon Haiyan smashed its way to her coastal village in Laua-an, Antique, Philippines. Haiyan completely destroyed her small house made of bamboo and even disrupted her livelihood.
Lantaa Nur or “togetherness” is the name of a new village savings and loan association (VSLA) in Tabier village in Ghana’s Upper West Region. Group members say the name fits, representing something they never thought was possible.
By saving pennies a day, girls in Kenya’s largest slum fulfill a new season of promise and possibility.
A recent study of Village Savings and Loans Associations in the Enhancing Community Resilience Project in Malawi provides a 2,900% return on investment. The external evaluator estimates that for every $1 invested in VSLAs,