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Feasibility Study Report Saving for Change Peru  Image

Promoting Inclusive Markets and Financial Systems

Feasibility Study Report Saving for Change Peru

Feasibility Study Report Saving for Change Peru

Summary

Freedom from Hunger is an international development organization with a vision of eradicating global hunger. Freedom from Hunger brings innovative and sustainable self-help solutions to the fight against chronic hunger and poverty. Together with local partners, Freedom from Hunger equips families with the resources they need to build futures of health, hope and dignity. Freedom from Hunger was founded in 1946 and its value-added microfinance programs currently serve over 2.4 million families in 17 countries throughout Africa, Asia and Latin America.
 
In 2005, Freedom from Hunger, Oxfam America and Strømme Foundation launched Saving for Change, a highly replicable savings-led microfinance program. Saving for Change currently serves nearly 400,000 members in seven countries. Saving for Change enables the very poor to form self-managed Savings Groups and to participate in simple, relevant, high-impact learning sessions on health, business and money management. The program provides basic financial services in regions that are usually beyond the reach of microfinance institutions and, in doing so, creates sustainable, strong groups that tackle social issues facing their members and their communities.
 
With the goal of expanding the program to Peru, Freedom from Hunger carried out the Saving for Change Peru feasibility study. Given the scarce access to financial services for poor women in the Iquitos area of the Amazon, Freedom from Hunger and Strømme Foundation identified two partners working in Iquitos: Asociación Dignidad and Asociación La Restinga.
 
The purpose of the study was:
  • To determine the interest and capacity of the non-governmental organizations (NGOs) Asociación Dignidad and Asociación La Restinga to implement Saving for Change with very poor women in Iquitos (Amazon) who have limited access to financial services
  • To determine the interest and demand of very poor women in Iquitos (Amazon) who have limited access to financial services to participate in Saving for Change.

Available also in Spanish.



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