We have added a new charity to our portfolio - Village Enterprise - a charity that provides cash grants and business training to people living in extreme poverty in Kenya and Uganda. Their programs have a proven track record of helping families escape from extreme poverty and achieve sustained increases in household income.
As a reminder, we have recently expanded our charity portfolio as part of our partnership with The Life You Can Save (TLYCS), as explained in our blog post in October. This means that our members can now give to an additional 12 charities, as we outlined here. TLYCS recently added Village Enterprise to its portfolio of recommended charities and our members can now choose to give to this organization.
Village Enterprise identifies the extreme poor in Kenya and Uganda, and delivers a four part program to build businesses that increase household income: entrepreneurship training, a cash grant, business mentoring and a savings group. The program offers grants, not loans, to allow vulnerable people to immediately improve their standard of living and because entrepreneurship can be risky and can take time to pay off. Since its founding in 1987, Village Enterprise has trained 146,000 people who have opened 36,000 businesses. Multiple studies show that this type of program leads to significant increases in household income, and that these benefits persist over a number of years.
For more information about Village Enterprise see: