CARE anticipates that its VSLA microfinance programs will reach 30 million people (at least 70 percent women) over the next 10 years.
Since microfinance initiatives were first launched in the early '70s, women have been the focus. Why? We know they're instinctual caregivers who invest their earnings in their families. But anecdotal reports also prove them to be careful strategists who repay their loans more consistently than men.
Currently, almost 38 percent of Uganda's population survives on less than $2 a day (the national poverty line). In comparison, thriving vanilla farmers can make up to $5,000 a season (there are two harvests per year), not including their other crops.
For more on CARE, go to care.org.
Go to marieclaire.com/uganda to watch Angela's exclusive video diary.