World Vision’s Economic Development Program is helping to make it possible to provide secure savings programs, microfinance services, and local value chain development (access to markets for farm produce and other goods) to countless children and adults over a period of five years. These measures will help increase incomes and improve the quality of life for children and families. The goal of these programs is to significantly improve child well-being by enabling families and communities to achieve sustainable food security and income through savings programs, microfinance, and access to profitable markets.
THE NEED | Women work nearly two-thirds of the world’s working hours—producing half the world’s food—yet earn only 10 percent of the world’s income and own just 1 percent of the world’s property. In cultures with traditional patriarchal dominance, this means impoverished women must rely on men—who often control all the resources and may not allow women a voice in the family or community.
EXPECTED OUTCOMES | Because women typically invest a greater percentage of their resources in their families and communities than do men, equipping women to generate income helps bring tangible changes to the overall health of households and communities. By providing women with vocational training and loans to start or expand small businesses, we can also help change perceptions of women’s roles, improve their decision-making abilities and opportunities, and improve their access to economic resources.