A $500 donation covers financial literacy coaching required to launch income generation activities for one family.
Financial literacy coaching focuses on topics like budgeting, making smart purchases, managing expenses, avoiding and solving debt, savings planning and goal setting. Families will be encouraged to identify their existing strengths and move towards their livelihood goals by developing a 3-month food security plan, a 6-month stability plan and a 12-month sustainability plan.
Next, we will support the family with income generation activities of their choice. After identifying their existing strengths and skills, the young adults and adults in the family will make a decision about whether they want to start a business or undertake vocational training. If a family wants to start a business, CCT will provide the capital. This often includes the cost of buying vegetables, seeds, chickens, mushrooms, a food cart or a small stall. If someone in the family would like to complete vocational training, we will cover the costs of their preferred course, such as food and beverage services, motor repairs, agriculture or sewing.
Access to financial literacy coaching before income generation activities will empower a family to build a sustainable livelihood that helps them achieve financial freedom and escape poverty.