A new organization in Seattle is adopting the approach used by Kiva to help low-income workers who are saving to go to school, buy a home, or start a small business.
The SaveTogether Web site—which allows donors to make contributions as small as $1—features profiles of people who are participating in charity-operated savings programs in Boston, San Francisco, Seattle, Spokane, Wash., and Washington that match the money low-income participants save themselves. Since the site started in October, donors have contributed more than $5,500. In time, the organization plans to develop partnerships with charities that run savings programs in other cities.
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