Five Talents

Growing Savings, Enterprise & Resilience: Tanzania

Five Talents currently supports 1,200 families in Tanzania through Savings Groups which provide financial literacy & business skills training, as well as a safe place to save and access loans. With your support, we can reach an additional 7,900 families to build resilience and break the cycle of poverty.

history Campaign has now closed

It ran from 12:00 PM, 1 December 2020 to 12:00 PM, 8 December 2020

Registered Charity in England and Wales (1113969)

open_in_new https://www.fivetalents.org.uk/
Check mark Match funded

Campaign target

£80,000

Amount raised

£81,841

Donations

138

Championed by The Coles-Medlock Foundation

    Categories

  • Community Support & DevelopmentCommunity Support & Development
  • Education/Training/EmploymentEducation/Training/Employment
  • Poverty Alleviation/ReliefPoverty Alleviation/Relief

    Helping

  • General Public/HumankindGeneral Public/Humankind
  • Women & GirlsWomen & Girls
  • Young People (18-30)Young People (18-30)

Location

Tanzania, United Republic of

Situation

Over 28.8 million people in Tanzania live in extreme poverty, surviving on less than $1.90 a day. For such families, this can mean that children go without an education, nutritious food and access to healthcare. Climate change further increases poverty as drought and flooding destroy homes, land, crops and livestock. Families living in poverty aren’t seeking handouts, but a hand-up, to reclaim their dignity, confidence and ability to be self-reliant.

Solution

Partnering with the local Anglican Church, we will develop and grow community-led, -owned and -governed Savings Groups. Through the Groups, members are trained in financial literacy and business skills, enabling them to set up or expand a small business, save and have access to financial services (loans and investments). As businesses, profits and savings grow, so too does the confidence and ability of members (particularly women) to provide for themselves and their families.

  • "I am 18 years old and a unit leader for my Savings Group. I make and sell soap. I am saving so I can go to vocational college to study hospitality, hotel management or ICT."

    — Flora, Savings Group Member in Tanzania (Beneficiary)

  • Now we are literate and plan together for our family. We have become famous in the community for improving agriculture and others come to learn from us.

    — Leah & Peter, Savings Group Members in Burundi (Beneficiary)

  • We support Five Talents because we love the principle of encouraging people by giving them a leg-up rather than a hand-out. We’ve seen the huge impact that the programmes make empowering the marginalised, giving them numeracy & literacy skills and helping establish businesses to improve their lives.

    — Pete and Jo-Anne, Five Talents Supporters

  • To our minds, Five Talents are especially effective because they are small and focus on empowering local people to work with other local people to engender improved and sustainable lifestyles, which is important and relevant where they work. The staff are also approachable, fun & very dedicated.

    — Rob and Christine, Five Talents Supporters