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CARE International's micro and small enterprise programmes create opportunities for poor people, especially women, to increase their income and become more financially secure.

CARE also helps poor people gain access to markets.

We bring together small-scale producers so they can benefit from economies of scale; we train farmers in more efficient methods; teach craft makers new skills and advise people on what products can be exported – all these things enable the poor to gain access to markets that would otherwise be excluded from.

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Microfinance in Africa: Bringing financial services to Africa's poor - executive summary

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CARE has pioneered an approach that meets the need for microfinance at the very bottom rung of the world's economic ladder.

CARE Village Savings and Loan Associations (VSLAs) empower women to pool their savings – with no outside capital – and then make loans to each other to start small businesses or pay for important life expenses.

Read more about our VSLA approach, along with other best practices at work in Africa, in CARE's most recent report: "Microfinance in Africa: Bringing Financial Services to Africa's Poor."

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Microfinance in Africa: Bringing financial services to Africa's poor - full report

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29.10.09

Modified:

29.10.09

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1 MB

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504

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1.0

CARE has pioneered an approach that meets the need for microfinance at the very bottom rung of the world's economic ladder.

CARE Village Savings and Loan Associations (VSLAs) empower women to pool their savings – with no outside capital – and then make loans to each other to start small businesses or pay for important life expenses.

Read more about our VSLA approach, along with other best practices at work in Africa, in CARE's most recent report: "Microfinance in Africa: Bringing financial services to Africa's poor."

Download Details

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In the research centre section

Microfinance: our impact

Participants: 17,344,560

Countries: 52

Last year, CARE helped more than 17 million people improve their household income through village savings and loan associations, access to services and new work related skills.