Ms. Rosetta stands proudly as she holds her certificate that shows that she has completed the financial literacy class that is the first phase for all RISE Save Up participants. Ms. Rosetta's class ended on Sept. 27th with ten other women. Now she is ready to begin the Savings component with her first $75 deposit in her first savings account. This means that RISE will match her funds 2:1 and she starts off with $225.00 her first month and will be that much closer to making her first asset purchase. During the next 18 months, if she is able to save $1,000, RISE will match it with $2,000 and she will have enough to purchase a car that will do more than give her basic transportation.
Ms. Rosetta currently provides child care in her home but not having a car limits her to only keeping children whose parents are able to transport them to her home. She has several parents with work schedules that make this difficult, and having a car will allow her to at least transport the children home in the afternoon, so that other family members can supervise them until their parents arrive. Not having a car has caused her to turn down several mothers’ who really need her services. This may seem like a small need to some, but Ms. Rosetta wants to do more than just babysit a few children. She would like to build her business and having a car will certainly help her move closer to her long term goal of eventually having her own day care center. She's just taking one step at a time and RISE is helping her make these first steps through the Save Up program.
While in the saving's component, Ms. Rosetta hopes to secure additional business training so that she can be prepared to realize her dream of having her own business. Her business will not only help her family to improve their situation but she hopes to provide a safe, caring, nurturing and stimulating place for children so their mothers can improve their economic situation without having to worry about their children.
RISE and all of the program participants served in the Save Up program, thank you for your contributions. Remember, without your support Ms. Rosetta's dreams will not be possible!
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