Recently, I was in Lima, Peru, visiting a savings and credit association (SCA) partnership launched nearly two years ago. For those building their knowledge in the field of microeconomic development, SCAs are small groups of people that meet regularly to hear a message of reconciliation, save small amounts of money, and live life together—the unique blending of a tiny credit union and a Sunday school class. Members learn about reconciliation available through Christ and how to save money toward a goal. In short, members are given the tools they need to feel hope again, hope for a better future. Here is a brief description of one such SCA group meeting I was able to attend on this trip.
Archives For savings and credit associations
When Tom Rakabopa and Central Baptist Church first reached out to families living in poverty in Harare, Zimbabwe, they distributed food and other items to fill the great needs they saw in their community. But as he saw some of the unintended consequences of this work, Tom began dreaming of ways they could transition to long-term development. That dream came true when a partnership with HOPE International helped Central Baptist Church begin savings and credit associations (SCAs) in their community, training groups of individuals to save their own money as a safety net in emergencies, to start or expand a business, and to pay routine expenses like school fees.
The staff of CCT, HOPE’s partner in the Philippines, value savings and seek holistic transformation for families and communities so enthusiastically that they have pioneered a new twist on the HOPE savings model: savings groups for children. CCT savings facilitators have initiated groups for teens, elementary students, and even preschoolers. The idea took shape when mothers requested that their children join groups so they could learn the discipline of saving from a young age, which, like most habits, becomes easier and more permanent.
Hello there, everyone. My name is Dave Wasik, and it’s my pleasure to serve as the vice president of operations for HOPE International. I am writing this post from a Chipotle restaurant at Washington Dulles airport, about to begin my journey to Manila, Philippines, to visit the Center for Community Transformation (CCT), our partner in the Philippines. CCT is a cherished partner for HOPE, and we have learned a tremendous amount from them over the years.