Household economic empowerment activities help create the critical financial cushion vulnerable households need to survive disasters. Access to small cash infusions through savings and lending programs, and cash transfers coupled with basic financial education can make the difference between worsening poverty during crises and the ability of households to financially respond to hardships without long-term negative consequences.
More resilient households translate into healthier children. When caregivers have the resources to meet their families’ needs, everyone benefits: Meals increase, children stay in school, and family dynamics improve. When adults are less stressed, they can better meet the emotional and financial needs of the children in their care.
EYDI Family Economic Empowerment consists of interventions to reduce the economic vulnerability of families and empower them to provide for the essential needs of the children they care for, rather than relying on external assistance for example. Family economic strengthening programs are in 3 complementary approaches; family Economic Strengthening, social Protection and targeting entities other than families for example children, service providers, CBOs and NGOs that aim for various sustainability strategies.
Poverty fuels the domestic violence, Diseases and unsafe sexual behaviors that can lead to increased poverty at both the micro and macro level. The economic impact of HIV can be seen at multiple levels, including the National/Government level, the community level and the family level:
National and regional – HIV and AIDS increases poverty at national level. This is seen in falling gross domestic product (GDP) and slower rises in human development index (HDI), Community – HIV and AIDS fuels community poverty and severely strains community safety nets and community coping mechanisms, Family and Family- Families affected by HIV and AIDS may have increased expenses for health care, caring for the sick, and caring for additional orphaned and vulnerable children. Increased expenses and reduced time for economic activities, such as farming and trading, may deplete the family’s income and assets, Private sector – HIV and AIDS can affect private companies by affecting the most productive workers and reducing the workforce. Health insurance, increased rates of absenteeism, and costs of training new staff all increase private sector costs, Savings schemes may be one of the most critical elements of helping families out of poverty and empowering them to care for their own needs through diverse livelihood strategies, Savings and credit schemes can strengthen financial safety nets and help families with issues of cash flow, supporting families to develop more profitable or diverse income sources to better cope with the loss of an income earner, Training and capacity building may help families develop skills such as money management, savings self-reliance, improved self-esteem and increased status in the community, Economic empowerment strengthening activities generate money that helps families care for their children by increasing food security, access to school and access to essential health services. EYDI Activities and key messages;