How It Works

The ShareChange app is a joint initiative with The ShareChange Opportunities Foundation – enabling you to conveniently empower someone and see how your funds change their life.

ShareChange Inc. and the ShareChange Opportunities Foundation

Impulse Spending to Impact

Use the app to track when you skip a guilty treat – we’ll put the cost toward your next loan instead!

Monthly Contributions

It’s easy! Just set up monthly contributions and get notified when you’ve accumulated enough to empower someone.

Round Ups

COMING SOON! When you make purchases, round up your transaction to the nearest dollar and contribute the “spare change!”

…Then, Discover Someone to Empower

Screenshot of the ShareChange App

How Do We Find Recipients?

The ShareChange Opportunities Foundation partners with NGOs and other organizations who are already experts in distributing microcredit in their community.

We are proud to partner with:
Penda Capital, Uganda

FAQs

What portion of my funds go to the person I want to empower?

The ShareChange Opportunities Foundation only requires a 6% platform fee to cover our administrative costs.

A portion of this fee goes to ShareChange Inc. to cover platform maintenance and developing new, exciting features to incentivize more people to join the ShareChange movement!

What are the platform fees used for?

Platform fees go to the ShareChange Opportunities Foundation, mainly to cover payment processing, wire transfers, software fees, further employee compensation, and product innovation!

Of course, it’s important that social enterprises are prudent and efficient with funds. Still, we believe it’s important to have adequate funding to attract talented, motivated individuals and technology to innovate, and ultimately, maximize our impact.

What is financial inclusion?

According to the World Bank, 1.7 billion people are unbanked — they don’t have access to affordable, ethical financial services like credit or even bank accounts.

Financial inclusion creates access to useful, affordable products — like microcredit, insurance, and savings accounts.

We have a long way to go in understanding the impacts of financial inclusion and microcredit. While financial inclusion is not the silver bullet for eradicating poverty, it is a critical piece of the puzzle.

AREAS OF IMPACT:

  • Gender equality & female independence
  • Food security
  • Resilience in the face of climate change
  • Microinsurance; protecting against shocks & ensuring access to healthcare

Traditionally, we’ve measured impact through a westernized lens. Financial inclusion can have impacts as elusive as improving someone’s self-esteem. Other times, it can change someone’s future entirely, enabling them to improve their business, develop more profits, send their kids to better schools, and even hire others in the community.

EDUCATION

We believe that education is a critical component of financial inclusion:

  • Financial literacy workshops
  • Personal initiative training (developing a growth mindset)
  • Other business supports

GENDER

On average, the gender gap in bank account ownership between men and women is 9% in low-income countries.

WHAT ARE THE POSSIBILITIES?

Traditionally, we’ve measured impact through a westernized lens. Financial inclusion can have impacts as elusive as improving someone’s self-esteem. Other times, it can change someone’s future entirely, enabling them to improve their business, develop more profits, send their kids to better schools, and even hire others in the community.