Barclays.comBanking on Change
Barclays, CARE and Plan have launched Banking on Change to improve the quality of life for around 400,000 disadvantaged people worldwide by developing access to basic financial services.
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Download videoProgramme summary
The partnership is creating and developing savings and loans groups managed by local communities themselves, enabling individuals to save regularly and access small loans from groups' combined savings.
Frequently asked questions
Read more about microfinance, the partnership and its approach, as well as Barclays role in Banking on Change.
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Countries
The partnership is delivering savings-led community finance projects in 11 countries across Africa, Asia and South America.
Methodology
Barclays, CARE and Plan are using the Village Savings and Loans methodology to develop access to basic financial services for disadvantaged communities worldwide.
About the programme
The Banking on Change programme will see a £10m commitment to support the financial inclusion of disadvantaged communities by developing savings-led microfinance services.
Objectives
By providing access to basic banking services such as savings and sources of credit, disadvantaged communities can reduce their vulnerability to life emergencies such as illness, disease and natural disasters.
