World Vision Launches New Savings Opportunities for Ethiopia’s Rural Poor

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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Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Jeff Raikes and Co-chair William H. Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett.

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