The funds that migrants remit to their home countries have steadily grown in importance over the last several decades. Several reasons account for this growth. For example, remittances provide the recipient country with much-needed hard currency. They also help governments balance their capital and current accounts and provide a boost to recipients’ consumption and purchasing power. A subset of those funds is known as collective remittances, or the act of pooling money among several migrants to finance development projects in their communities of origin. In contrast to private remittances, collective remittances are not meant to assist friends or family financially. Rather, their goal is to contribute towards the development of an entire neighbourhood or community in the migrants’ hometown.