Savings Start Example

The participant is able to save $25 per month. The funds enter a controlled bank account and cannot be withdrawn with out an approval by program administration. As the participant makes monthly deposits, he/she also attends monthly training sessions on financial planning and business management.

Once the participant reaches his/her savings goal and completes the required training, the savings are matched 1:1. Therefore, if the savings goal is $300 within 12 months, the participant will be able to withdraw $600 from the controlled bank account to use in accordance with the business plan designed at the beginning of the program.

This money is not a loan and does not need to be paid back. With the multiplied funds the participant will significantly improve and expand his or her enterprise. They will also have established a habit of savings, which carries over to other aspects of life such as preparing for the education of children, long-term financial planning for the family, managing credit/loans in the future, and participating in the national banking system.