Third World Savings Program - Donation Page

Greetings from Guatemala, Luke Armstrong and all of us at the Integral Heart Foundation. The Third World Savings
plan will encourage indigenous family leaders to open a savings account and to develop personal finance skills.
This project is being coordinated by Reinhard Prosch who is the Business Operations Manager at the Integral
Heart Foundation. Read a one-page summary of this project below.

Update: January 2013: The first Third World Savings Project is now complete. Here is a summary
of the outcome of this pilot program:

  • We had ten members altogether when we first started out, by the time of last final class six of them
    remained to check back with their deposit receipts.
  • 4 out of ten have made all required deposits (total number here is 1 initial deposit to open the account,
    plus 6 savings deposit = 7 total deposits), and have thus received their Q300 bonus already (MTV; JC;
    RM; MAG; MH)
  • Another four have made at least 5 deposits (JMR; PG; AMS; LPN)
  • Only two have not made another deposit after opening the account 
    (EG; ALP)

Weighing this against our initial assumption ("50% of participating families making savings deposits at least
twice a month"), I conclude that we almost lived up to what was "an ambitious goal" and so dare to call this
trial run pretty successful. Some things to consider:

  • how to respond to those participants who have made a good amount of deposits? 
    should we do a revaluation? 
  • how to improve participant commitment & consistency, engagement in the project?
  • Pick start date for next project. Include those who did not succeed?

    Thank you, Reinhard Prosch.



To give your support to a family who is participating in The Third World Savings plan, please 

1.Select the one-time donation you wish to make and click on the 'NEXT' button.

2.After we receive your offer of support we will contact you by email to confirm.

3.As the project progresses we will email reports of the trainings and outcomes.

Sponsors ONE
individual/family
in the Third
World Saving
Program
Sponsor TWO
individuals/families
in the Third
World Saving
Program



If you have any questions about how to offer your support please contact us.
If you do not have a PayPal account, see alternative ways of giving here.