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World Vision Launches New Savings Opportunities for Ethiopia’s Rural Poor - Bill & Melinda Gates Foundation

Aid group plans to reach 250,000 new savers via mobile banking units, agents with PDAs

SEATTLE -- Through a new $3 million grant from the Bill & Melinda Gates Foundation, World Vision plans to provide more than 250,000 rural farmers and hardworking poor in Ethiopia a chance to open their first savings accounts. The three-year program will help meet what the humanitarian group says is a pent-up demand among Ethiopia’s poor to bank small savings of cash to cushion their families from financial setbacks.

To read the full press release, visit the World Vision web site.

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