Small Business Skills
After starting her own business, Mary Sunshine joined the local ‘Harvester Savings Group’ to invest in cooking equipment. In just three months the 38 entrepreneurs saved a total of US$242. Mary is committed to saving for her business and setting money aside to improve her family’s quality of life. Her next goal is to build a toilet for her family.
During Transform, 95% of participants join a Savings Group. These self-governed groups pool their savings into a common fund used to provide loans for group and individual businesses as well as medical and education needs.
The vast majority of ultrapoor families have never had savings before. After Transform they have a safety net for times of crisis.
Average savings per group after four months: US$77
Take a look at the other parts of the Transform box
If you’re in Hong Kong or the Philippines we have great opportunities for volunteers in our offices. But wherever you are in the world, we would love to hear from you and get you involved.