By Loretta Shea Kline, managing editor for Unbound
One reason it’s hard for families in poverty to get ahead is the lack of a financial cushion.
An illness, a natural disaster or a job loss can mean starting over when you have little or no savings. That vulnerability is something Unbound helps families address with support from sponsorship.
Our programs around the world help families build their capacity for personal and economic growth. Local staff works with families to set goals and make plans to achieve them. The aim is for families to be able to meet their basic needs through a combination of income they earn, access to capital and sponsorship benefits.
A key component on the path to self-sufficiency is savings.