Developing Community and Reducing Poverty through Christ-Centered Savings Groups

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Updates From the Field – Nepal

Open Hands has been invited by EQUIP Nepal to consider starting a savings group program in the country of Nepal. Merle Burkholder, Darin Hershberger, and Joe Kuepfer will be traveling to Nepal in December to conduct a feasibility study regarding a possible savings group program there. More updates on this potential program will be given…

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Updates From the Field – Haiti

Due to the hurricane in Haiti the participants in Open Hands savings groups have not been able to save as much as they had been saving. However, the funds they have saved will be very helpful to them in buying food and rebuilding damaged houses. Through the assistance funds that many groups have, they have…

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Updates From the Field – Ethiopia

The Open Hands savings group program that was started in Ethiopia in July has been very successful. There are now 30 savings groups with a total of 450 members. These participants are saving on a weekly basis and are very pleased with what they have been able to accomplish. We are hoping to expand this…

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Accumulating Savings and Credit Association

Accumulating Savings and Credit Association

In this type of savings group, the participants deposit their savings each week into a common pool of funds that is then available to be loaned out to participants of their own savings group. Participants make an application to the group for a loan. Those receiving loans are charged interest on the outstanding balance of…

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Straight Savings

Straight Savings

In a straight savings group, the participants are saving weekly for a specific need. Many participants in this type of group are saving for their children’s school tuition, home repairs, or funds to purchase larger animals such as pigs, goats, or cows. This type of group has a six-month savings cycle. Each person saves what…

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