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Presentation Title

Savings Groups: A Future for Bright Hope

Location

Young 320

Abstract

In recent years, microfinance services have expanded. Savings groups provide people in difficult economic situations, not served by banks, with an alternative for accumulating capital. These community-based, self-managed groups result in improved empowerment of women and enhanced economic development. Bright Hope International (www.brighthope.org) assists the extreme poor by delivering food, health care, and education along with economic development opportunities through under-resourced, indigenous churches. This research included interviews in-person, by phone, and by Skype to advocate a model for Bright Hope in Kenya, Zambia, and Bolivia for educating group members on savings and connecting the savings groups to microenterprises.

Presentation Type

Individual Presentation

Start Date

4-8-2014 10:40 AM

End Date

4-8-2014 11:20 AM

Panel

Panel: Savings Groups and Youth Enterprise for Global Business Development

Field of Study for Presentation

Economics, International Relations

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Apr 8th, 10:40 AM Apr 8th, 11:20 AM

Savings Groups: A Future for Bright Hope

Young 320

In recent years, microfinance services have expanded. Savings groups provide people in difficult economic situations, not served by banks, with an alternative for accumulating capital. These community-based, self-managed groups result in improved empowerment of women and enhanced economic development. Bright Hope International (www.brighthope.org) assists the extreme poor by delivering food, health care, and education along with economic development opportunities through under-resourced, indigenous churches. This research included interviews in-person, by phone, and by Skype to advocate a model for Bright Hope in Kenya, Zambia, and Bolivia for educating group members on savings and connecting the savings groups to microenterprises.