The key to emerging from poverty is acquiring financial literacy. The poor, lacking access to formal financial institutions, are not experienced in the reality of money and market functions. Additionally, many poor view money as a means to an immediate end, rather than as a tool to enhance their opportunities. It is difficult for the poor to break out of poverty because they lack the understanding of how to use and invest their minimal resources.
Your gift will be used to help teach a group of approximately 100 people financial literacy. This service is provided through Fundefir’s communal banks, and is oriented to teach the poor how to most efficiently use and invest their money to improve their financial opportunities. Fundefir will use your funds to educate the poor about finances, thereby changing their mentality and approach to money. With this basic understanding of capitalism and markets, the poor can invest their money in the bank, and receive the benefits of the investment opportunity and accrued dividends. This approach has delivered demonstrable benefits to over 7,000 poor people, and your gift will allow the poor in yet another community to become financially literate.