It May Look Like A Basket Of Cash, But It's *So* Much More Than That

Saving cash can be overwhelming, especially when times are tight. It can also be a challenge if you're doing it on your own.

These women prove that building a nest egg doesn't have to be a one-man show (or a one-woman show, for that matter).

Meet Ho Thi Lien:

She's 30 years old. She lives with her husband, daughter, and in-laws in a small village in Vietnam.


Money is tight.

After paying for the basics, saving cash was hard.

"I wanted to buy everything. I couldn't save money for the Lunar New Year celebrations."

The Vietnam Women's Union teaches women how to be financially independent and manage their money.

She joined the group, which is made up of other women with the same problem.

Together they save money as a community and manage small loans to help them create businesses and support their families.

"All members will give their month savings to the accountant. Once all the money is counted, we ask if anybody is in financial difficulty and needs help."

The goal is to promote gender equality within their community while encouraging entrepreneurship.

So far, Ho Thi Lien's local group has helped her pay for her daughter's school fees, feed her family, and buy a pig for her farm. She also now has a savings account.

"The money I borrow from the group helps us to buy food and clothes, so I can save money to spend on my family at the end of the year. Since joining, me and my family feel more confident and comfortable."

Ho Thi Lien is one of almost 2,000 members of the Village Savings and Loan Programme who live in the surrounding area.

To date, they've racked up a communal savings of over $400K. Members use the loans to support local agriculture, small businesses, and their households ... so it's a win-win for all.

To get more deets on this project, check out this video.

More
True
MasterCard
LUSH

Handmade cosmetics company Lush is putting its money where its mouth is and taking a bold step for climate change action.

On September 20 in the U.S. and September 27 in Canada, Lush will shut the doors of its 250 shops, e-commerce sites, manufacturing facilities, and headquarters for a day, in solidarity with the Global Climate Strike taking place around the world. Lush is encouraging its 5000+ employees "to join this critical movement and take a stand until global leaders are forced to face the climate crisis and enact change."

Keep Reading Show less
Planet
Photo by Annie Bolin on Unsplash

Recent tragic mass shootings in El Paso and Dayton have sparked a lot of conversation and action on the state level over the issue of gun control. But none may be as encouraging as the most recent one, in which 145 CEOs signed a letter urging the U.S. Senate to take action at their level.

Keep Reading Show less
popular

The fine folks at Forbes are currently falling all over themselves trying to clean up the mess they created by publishing their 2019 list of 100 Most Innovative Leaders.

The problem: The list included 99 men and one woman. For those not so good with the math, that means according to Forbes, only 1% of the country's most innovative leaders are female.

Have you ever watched a movie that's so abysmally bad that you wonder how it ever even got made? Where you think, "Hundreds and hundreds of people had to have been directly involved in the production of this film. Did any of them ever think to say, 'Hey, maybe we should just scrap this idea altogether?"

That's how it feels to see a list like this. So how did Forbes come up with these results?

Keep Reading Show less
Innovation

There's something delicious and addicting about those trendy recipe videos circulating online. You've seen them before: the quick and beautiful play-by-plays of mouthwatering dishes you wish you were eating at this very moment.

The recipes seem so simple and magical and get you thinking, "Maybe I can make that five-cheese bacon lasagna tonight." And before you know it, you're at the store loading up on Colby-Monterey Jack (or is that just me?).

For some families, though, the ingredients and final product look a little different. As part of Hunger Action Month, the hunger-relief organization Feeding America is using our obsession with cooking videos to highlight the reality many food-insecure families face when they sit down for dinner: hunger, and no food in sight.

By putting a twist on the bite-sized food videos all over the internet, they hope to raise awareness that hunger is an unacceptable reality for too many families.

Keep Reading Show less
Family
True
Gates Foundation: The Story of Food