VEF meaning in Community ?
Answer: What is Village Enterprise Fund mean?
Village Enterprise (formerly known as Village Enterprise Fund) is a 501 (c) (3) nonprofit organization that works to end extreme poverty through entrepreneurship and innovation. A pioneer in the quest to help rural Africans lift themselves out of extreme poverty, Village Enterprise employs local leaders who then implement a community-based poverty graduation program that has been adapted for different contexts in Africa. Village Enterprise has trained more than 204,000 ultra-poor individuals, helped them establish over 54,000 businesses, and transformed the lives of over 1.17 million women children and men in Kenya, Uganda, Rwanda, Tanzania, Mozambique, and the Democratic Republic of Congo.
Village Enterprise plays a unique role in the poverty reduction and microenterprise development fields by successfully serving people who live below the extreme poverty level of $1.90 a day or less, especially women and youth, who are historically underserved by other NGOs. By combining highly effective targeting with group-based business creation through cash transfers, business and financial literacy training, ongoing mentoring, and access to savings groups, Village Enterprise provides participants with a sustainable path out of extreme poverty. Village Enterprise’s goal is to transform 20 million lives by 2030.
Over 95% of Village Enterprise’s staff are East African and include in-country leadership in Kenya, Uganda, and Rwanda. Village Enterprise’s staffing model was recognized in the Spring 2013, 10th Anniversary edition of the Stanford Social Innovation Review.
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