This 6 page breif highlights GRAD's experiences with helping families accees formal financing from Micro-Finance Institutions (MFIs) in...
CARE's Village Savings & Loan Associations
In 1991, CARE harnessed the ancient practice of group saving when it launched the world's first Village Savings and Loan Association in Niger
CARE's Pathways Program Empowers Women in Malawi
Watch Anastazia Saka and Vicknes Chimbonga, two women members of the Village Savings and Loan groups in Malawi, share their stories about how participating in savings groups is changing their lives.
Expanding Economic Opportunity
The last frontier in the provision of microfinance to the world’s poorest people has been the remote villages and teeming slums of Africa. Traditional banking has not penetrated most of Africa, and microfinance in Africa has only reached a fraction of those who need it.
But in 1991 in a poor village in southern Niger, CARE discovered a way to harness the ancient practice of group savings and create a sustainable system of home-grown microfinance. In the years since then, we have helped establish more than 150,000 groups in 26 African countries, serving nearly 3.8 million members.
STEAL THESE STATS
Share the facts about microfinance.
CARE Calls for Solution to Financial Exclusion
Microfinance Movement Tackles Poverty, Empowers Women
Make the Connection!
Learn about our work helping the poor access markets
$25 can provide a village savings and loan group with a lock box, ledger and other start-up supplies to help them save and manage loans.
Find out how we’re connecting the world’s poorest people to the global economy.
GRAD Program Success Stories
This USAID-funded GRAD Program run by CARE Ethiopia shows that giving someone power is the best way to break the cycle of poverty.