Individual monthly sponsorships start at $40.Įducation can help reduce poverty, but tuition, supplies and transportation are expensive. They invest in their children’s education, generate more income, become active in their communities and grow to be self-sufficient. Unbound families thrive on the financial support as well as emotional encouragement in their sponsors’ written correspondence. She made her dream of becoming a nurse a reality through hard work, perseverance and support from her sponsor. Pinky's sponsorship came when the family needed it most. At the time she was first sponsored, her father had to travel to Mumbai – more than 40 hours away by car – to find work, and her mother did not have a job. Her family’s financial situation was dire when she was growing up. Pinky lives near Bhagalpur and recently completed a nursing internship – an accomplishment that likely would not have been possible without support from Unbound. “If I did not have sponsorship, then it would have been impossible to achieve my aim,” said Pinky, a nurse in northeast India who was sponsored in 2003 when she was 6. Seed capital for a small business or farm.Most sponsored children have representation in the program through small parent/guardian groups that help direct how the funds are allocated and give participants a sense of connectedness – addressing two of the most significant components of poverty, which are lack of choices and isolation.Ī key differentiator in the Unbound program is empowerment of the families – they decide how they will use the personalized support and most commonly prioritize these needs:
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Local staff members work with families of sponsored children on how to best use their benefits – which typically come in the form of direct cash transfers – to achieve goals they set for themselves. Unbound's child sponsorships provide economic support that empowers youth and their families with the tools they need to achieve self-sufficiency. “The World Bank estimates 120 million more people will fall below the poverty line because of the COVID-19 pandemic, which just strengthens our resolve to continue helping marginalized people around the world emerge from poverty as happier, healthier, contributing members of their communities.” “The number of lives we’ve helped improve over the past four decades with $2 billion in personalized support is humbling, and it’s an important milestone in our history of providing programs that honor our sponsored friends’ dignity and help them forge paths out of poverty – all with an unwavering commitment to responsible financial stewardship,” said Scott Wasserman, president and CEO. Individual sponsors and donors provide funding for Unbound, which is lauded for transparent financial management and directs 92.6% of its total expenditures to program support. This month, the international nonprofit marked another milestone when it reached $2 billion in funds distributed for programs that help families overcome the challenges of poverty.įrom its Kansas City, Kansas, headquarters, Unbound provides financial aid and other assistance to children, youth and elders in 19 countries throughout Latin America, Africa and Asia. 17, 2021 (GLOBE NEWSWIRE) - Top-rated child sponsorship charity Unbound has sponsored almost 1 million children and elders living in poverty around the world since its founding 40 years ago in 1981.
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