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Your Donation...

Financial accountability is a matter of great importance at Cabo Verde Children. We have established a financial committee with stringent accounting and financial reporting procedures to ensure that the funds that you provide and we send to in-country community leaders are properly distributed to pre-identified families.

When a sponsor’s contribution is processed monthly, it is directly deposited into Citizens Bank in USA. State and federal bank examinations ensure safety and security.

Funds are then transferred to CV Children's account in Cabo Verde. A list of recipients and total amount transferred is then communicated with the Board of Directors in Cabo Verde.

Board of Directors communicate with community leaders and provide list of recipients and approve funds to be dispersed. Pre-identified projects and Sponsored families receive monetary funds. Cabo Verde Children’s project coordinators are empowered to follow up with recipients on a semi-annual basis to provide report on the children or project being supported. Reports when available are posted for sponsors to review and analyze.

Furthermore, as budget allows, accounting staff members from our headquarters conduct financial and program reviews and Board of Directors of Cabo Verde visit a number of children to ensure that they are receiving benefits as promised to our sponsors. They spend time interviewing sponsored children and their families and visiting schools and other facilities to ensure that sponsored children are receiving needed benefits and services.

But the most accurate financial accountability is the direct connection that our sponsors enjoy with their families via telephone, letters or in-person when they visit the islands.

 


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