The Power of Saving

The Power of Saving

WHY is saving small amounts of money impactful?
In a recent post, we were able to step into a savings group meeting. We learned all about Village Savings and Loan groups. How they are set up, the layout of meetings, and the benefits of savings groups. Though saving a couple

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Step into a savings group meeting

Step into a savings group meeting

What is a savings group?
Sometimes called savings groups, sometimes called Village Savings and Loan Associations (VSLAs), these are savings-led microfinance groups that work to combat poverty. For those unable to benefit from a formal financial institution, these groups offer participants an opportunity to save, grow their money, and take

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How Microfinance and Sustainability Mix

How Microfinance and Sustainability Mix

Plant With Purpose is heavily committed to the use of community savings groups. Across seven countries, over 1,200 savings groups regularly meet. Community members can bring the cash they’ve been able to save, investing that money by purchasing shares. When they’ve accumulated enough in savings, they can then take out a loan

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The significance of a social fund

The significance of a social fund

Savings groups help rural communities grow out of poverty through their own resources. As members gain the opportunity to save their money, that money is then lent out to reinvest back into the community through small businesses, livestock, education, and other means.
Alongside that activity, however, groups also gather a

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Say hello to Señor Cheo

Say hello to Señor Cheo

In his village, there were no banks. And that was a big problem.
Palmarito is in the rural Dominican Republic. Like many rural parts of the country, the community lacked banks.
This wasn’t just an inconvenience. Having somewhere to save your money makes a big difference in economic wellness. Having

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Economic Empowerment

Economic Empowerment

Plant With Purpose invests heavily in savings groups, equipping families with tools needed to manage personal finances, access loans when needed, and save. This pays off. The average Plant With Purpose family is over twice as likely to save. On average, these participants have enough emergency savings to

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