Solution Draft

Women, children Certificate of deposit

This solution addresses Helps women build their first savings accounts and assets in North Carolina for single mothers, children, child care providers

Problem Description

To help women, many single mothers, learn to save, but take advantage of support by other customers buying the CD's to enable that capacity and wealth building.

Building Blocks

Story

Communities who want to help single mothers to learn to save, enabled by savers who get market rate return on certificates of deposit that benefit the mothers.

Contributed By

  • Jane Hatley, Self Help

Solution Stage

One of the 7 stages of an innovation. Learn more
STAGE SPECIALIST SKILLS REQUIRED EXAMPLE ACTIVITIES RISK LEVEL AND HANDLING FINANCE REQUIRED KINDS OF EVIDENCE GENERATED GOAL
Developing and implementing5
Strong leadership, management, implementation skills
  • Policy design
  • Programme design
  • Business modelling
  • Organisational design
  • Prepare for some adaptation to implementation
MEDIUM
  • Programme funds, equity, loans, grants
HIGH
A robust and detailed case developed through formal evaluation and evidence gathering – use of a control group to isolate impact
An implemented and sustainable innovation

Submitted By

Kevin Jones

Key Details

Activity