CARE to Extend Access to Financial Services – Bill & Melinda Gates Foundation

ATLANTA -- CARE today announced it has received an $11 million grant from the Bill & Melinda Gates Foundation to fund a major initiative aimed at improving livelihoods in the developing world. The new project is called Save Up–Access to Financial Services through Savings Associations and Linkages, and will incorporate some 300,000 people, 70 percent of them women, into village savings and loan associations (VS&L) in rural areas and urban slums in Malawi, Tanzania and Uganda.

To read the full press release, visit the CARE web site.