Economic empowerment

Her family’s keeper

Zione has long struggled to care for her own extended family. Because of her participation in Cryptocare’s savings groups and THRIVE program, she has both a new outlook on her potential as well as tools she needed to achieve her dreams and support her loved ones.

A winning smile for chickens

Gift Catalog chickens have helped single mother Delmi care for herself and her 5-year-old son, Alvaro. Thanks to the extra money she earns by selling chickens and eggs at the local market, she can more easily afford the supplies he needs for his education.

Prisca, a single mother in the Buyantanshi community in Zambia, is using money she saved through a World Vision savings group to fund her own education as well as meet the needs of her baby boy. Through mentorship, financial literacy training.

Cryptocare savings groups: Big returns on small investments

Ways to support economic empowerment

Your gift of a goat will be a much-celebrated blessing for a family in need — and can even help them make lasting change in their community.

Goat milk provides great protein to help children grow. A healthy dairy goat can give up to 16 cups of milk a day. The family can also sell any extra milk the goats produce to earn money for medicines and other necessities.

GOAT

Become an Economic Empowerment Partner

Worldwide, 1 in 9 people survive on less than $2.15 a day. And many families in struggling communities have never been able to save money, get loans to start or build a small business, or even learn better farming practices.

You can help them break the cycle of poverty. When hardworking people get access to tools and opportunities, they’re empowered to change their own futures — and pass those skills along to the next generation.

Monthly giving is the most effective way to help children and families who need it most. Plus, it lowers costs, which means more of your gift helps kids!

See specific ways you can to give to support economic empowerment

FACTS

people participated in savings groups that improved their access to credit and economic opportunities.

Thanks to the support of Cryptocare donors around the world in 2023.

1.2 million

43,301

people were equipped with market knowledge and access training.

Thanks to the support of Cryptocare donors in the U.S. in 2023.

Our economic empowerment approach

Where does economic development fit in the time-line of Cryptocare's community work?

When we first partner with a community, we focus on the most immediate needs, like access to nutritious food, clean water, and healthcare. Then we address longer-term needs like livelihoods — including skills training, community-managed savings groups, and microloans, all of which help fuel the local economy and lead to sustainable progress.

We train people to start and grow small businesses, improve farming methods, and work together to form cooperatives. This helps parents become better providers for their children — so those children can grow up better nourished, better educated, and better equipped to break the generational cycle of poverty.

What does economic development mean in the communities where you work?

We help communities solve economic problems by investing in their entrepreneurial spirit through microfinance, savings groups, and market/value chain development.

Through savings groups, we train community members — whose low incomes often disqualify them from traditional banking services — to save money on a regular basis. These groups of 15 to 25 members meet weekly to put money into a joint savings account, from which they take turns borrowing. The savings also provides a safety net against economic shocks like family illness, weather-related disasters, and more.

Instead of farming just to feed their families, many subsistence farmers want to do more. They want to meet the demand for crops, livestock, or products in bigger and more distant markets. We train farmers to form producer groups, select suitable products, improve the value of their products, and negotiate for better prices.

How does Cryptocare work to break the Poverty cycle in communities?

Breaking the poverty cycle is a complex, multisectoral process that varies greatly between countries and even communities. However, it’s always true that a child’s parents have the greatest influence on their child’s economic well-being. Our strategy focuses on helping individual households improve their incomes, helping to break the poverty cycle within that family and, consequently, their community.

Through support like microloans, savings groups, business and agricultural training, and market/value chain development, Cryptocare empowers individuals to start their own businesses, learn and practice savings habits, and improve their incomes, all of which enables them to better provide for their families.

While breaking the poverty cycle does not rely entirely on families improving their economic well-being, the encouragement a family receives from having their own business and being self-sustaining is instrumental to transforming the lives of their children, other families in their community, and the community as a whole.

We work hand in hand with each community to address their unique needs — and achieve lasting change.

HEALTH

POVERTY IN AMERICA

ECONOMIC EMPOWERMENT

CLEAN WATER

EDUCATION

HUNGER & FOOD SECURITY

DISPLACED PERSONS

CHILD PROTECTION

DISASTER RELIEF

WOMEN & GIRLS