When fully implemented, this program will enable women in savings groups to mobilize an estimated $15 billion each year, create new enterprises, unlock access to higher-level financial services, and dramatically change women’s ability to work together.
The countries selected for this project face many development challenges, including chronic food insecurity, high rates of HIV/AIDS, and increased frequency of natural disasters due to climate change. Low levels of education, particularly for women and girls, is another major problem. Young people, in spite of growing economies and increasingly accessible financial services, struggle to find jobs, which deepens the country’s issues with poverty.
In partnership with The Arthur M. Blank Family Foundation, CARE will focus on three initiatives in Africa:
- Building on our successful adolescent-focused savings group work (YSLAs) to advance youth education and economic development in Malawi.
- Bringing together financial services and skills-building to empower youth entrepreneurs in Tanzania.
- Building resilience and unlocking market access for women in Nigeria.