Village Savings and Loans Associations (VSLAs) have been a foundational programmatic approach at CARE since 1991. Since then, CARE has helped over 13.7 million people join savings groups. The savings group model has been adopted and adapted by a variety of organizations globally. This brief gives an overview of the social and financial effects and returns of savings groups as well as how groups affected members’ resilience to COVID-19. The results gave an overview of the financial return on investment (ROI), group economic outcomes, savings groups costs, and individual and household effects for savings groups both inside and outside of CARE.
Ignite set out to reach 3.9 million entrepreneurs in three years with $5.26 million USD in grant funding from Mastercard. The program exceeded initial goals, reaching more than nine million entrepreneurs, and unlocking access to $154.9 million USD in loans. More than 150,000 entrepreneurs were deeply supported with loans, critical support services, and training. Read More
The Integrated Phased Classification’s (IPC) acute food insecurity reports are the gold-standard for measuring hunger worldwide. However, despite their importance, IPC analysis is almost always gender-unaware. To address this gap, CARE has taken the challenge of piloting a gender-sensitive version of the IPC acute food insecurity analysis in Somalia. The report outlines the approaches and findings of the mixed-methods approach to understand the gender dimensions of the drought in Somalia. Read More
In 2022, more than 735 million people in the world were hungry. That’s 1 in 11 people worldwide. Relative improvements after the worst of the COVID-19 pandemic are masking rapidly growing inequality. There are 84.2 million more women and girls than men and boys facing food insecurity. The gender food gap grew in many regions, including most of Africa, Southeast Asia, the Middle East North America, and Europe. CARE’s analysis of data across 113 countries suggests that improving GDP is not enough. The most recent data shows that in situations with high inequality, economic growth can lead to higher food insecurity, especially since COVID-19. In 57 countries, GDP is growing AND food insecurity is rising. As gender and income inequality rise, so does hunger. Read More