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Before joining Chipulumutso (“salvation”) savings group, many men and women in Ntcheu, Malawi, could not afford essential items including food, clothing, and school fees. Unable to purchase farming supplies, producing enough crops to make a profit was difficult. They needed a solution 

However, predatory lending practices prevalent in the area had broken trust and harmed community members in the past. “Before the savings group ministry was introduced in our area, people didn’t want anything to do with savings groups or village banks because they had a bad image,” says Rabson Msamanyada, who now leads Chipulumutso as its chair. “They were described as groups that wanted to steal from the innocent.” 

But, when 15 members of the local church congregation started Chipulumutso, their neighbors saw them praying and worshiping God together—and grew curious. News of the savings group began to spread in the community, which was about to lead to flourishing Ntcheu had never seen before!   Continue Reading…

When Vilda Fretel Asencios, a single mom of four, joined Inspiradas por Cristo (“inspired by Christ”) savings group a few years ago, she saw the new opportunities that it would open to her. Supported by Comas CMA Church, HOPE International’s partner in Peru, the group brought together neighbors in Vilda’s community to pray, worship, receive training, and save money together.

As Vilda and the other group members have grown closer to Christ and each other, they’ve shared their dreams for the future, along with their fears. Both often centered around those they care about most: their children.

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Families in Bowe village in Malawi used to have only one option for accessing capital: loan sharks. 

These loans came with high interest rates that were nearly impossible to repay, trapping many unsuspecting people in a cycle of poverty. When borrowers couldn’t make their payments, they’d have to turn over land, a significant asset, to cover their debt. Sadly, this kind of predatory lending is common in communities where banks are too far away or people don’t qualify for traditional loans or savings accounts.

After years of seeing neighbors fall into debt, the community ached for a better way.

“I used to struggle with financial difficulties with my husband. This resulted in us always being stressed, worried, and uncertain about the future,” says one community member named Dorica.

So, she and several brave women (pictured above) took a step of faith.

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Shruti and her husband didn’t know how to save before joining a savings group—they just wanted to better provide for their three sons.  

She couldn’t have guessed it at the time, but setting aside 200 rupees ($2.40 U.S.) each month with her savings group in South Asia would empower Shruti to respond when her family needed it most. 

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Before joining her savings group in Peru, Rina Navarro de la Cruz had to borrow a large loan with a high-interest rate just to pay the bills. Now, week by week, she’s escaping that cycle—and teaching her daughters about God.  Continue Reading…

Pictured above: Divya (on right) with other members of her savings group

Divya’s* son, Rakesh, had been sick for years. His coughing, fevers, and colds were nonstop and left him feeling weak. Eventually, he couldn’t walk even a short distance. She’d taken him to hospitals and doctors in their community in South Asia* but never received a clear diagnosis for his worsening symptoms.

Then she received startling news: “One day, the doctor said that my son had a hole in his heart, and he [needed] to undergo the operation,” Divya recalls. “I was shocked.”

But a second blow was soon to come: how to pay for the procedure without falling into a lifetime of debt.
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