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."
Microfinance in Africa: Bringing financial services to Africa's poor - full report
- Countries: Ethiopia, Ghana, Mozambique, South Africa, Togo
- Co-authors: Kristin Helmore, Sybil Chidiac, Lauren Hendricks
- Published: March 2009
