Microfinance

CARE Village Savings and Loan Associations Surpass 4 Million Members

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Microfinance groups first developed by CARE in 1991 featured in new book by Pulitzer Prize-winners Nicholas Kristof and Sheryl WuDunn

ATLANTA  — A savings-led microfinance program pioneered by the humanitarian organization CARE in Africa has surpassed an important milestone — 4 million members — and is highlighted in a book about the science of giving released this week by Pulitzer Prize-winners Nicholas Kristof and Sheryl WuDunn.

Standing up for a Livelihood

Crippled from birth, Viliazee Claudine’s life has always been a challenging one.  In her village of Ankilimitraha in the southern part of Madagascar, others have always put her down.  Unable to support herself, she has always relied on her mother and siblings for support.  Viliazee did what she could to help her mother, planting cassava and sweet potatoes on an acre of land to make a living.  She knew that she must find another way to support her mother, her four children, and herself.    

Dedication, That’s All It Takes

“If you have the right aspiration and devotion towards what you want to achieve in life, I guarantee that you will reach it at some point in time!”  

These are the words that Selina Akhter, a 20 year old girl was saying to other village girls her age.  In just six months, she was able to change her life like no one else in her village.  She is an example of how one’s own dedication and sincerity can fulfill goals in life, despite many obstacles.

Journeys of Transformation

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CARE focuses on women and girls because we know that investments in women and girls can make huge changes in eradicating poverty.  We believe that women and girls face enormous obstacles, but with help and support, they can change the world.  But we also know that women and girls are only half the picture.  Women and girls can't advance alone.  They are part of families and communities that need to accept equality and women's rights to fully develop, and for all community members to be truly empowered.  In Rwanda, CARE has done significant research with Promundo to build programs that work

CARE, Visa Inc, MTN and Fidelity Bank Launch Program to Connect Ghana’s Community Savings Groups with Banks using Mobile Phones

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March 18 media event in Accra will share vision of this innovative financial inclusion program, which is bringing full-service mobile banking to remote communities in West Africa

ACCRA, Ghana (March 18, 2014) — The international poverty fighting organization CARE, with a grant from Visa Inc, has launched a program in Ghana with mobile communications company MTN and Fidelity Bank that is offering community savings groups in remote areas access to full-service banking using mobile phones.

Earthquake in Haiti: CARE Banks on Women in Recovery

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Four years after a deadly earthquake devastated Haiti, a web of political gridlock, donor fatigue and chaotic property laws continues to stall rebuilding in one of the world's poorest countries. But the humanitarian organization CARE is working to remove another, oft-overlooked barrier — lack of participation by women — as a way to strengthen recovery efforts and build a better foundation for the future. 

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