About The MasterCard Foundation
The MasterCard Foundation advances microfinance and youth learning to promote financial inclusion and prosperity. Through collaboration with committed partners in 48 developing countries, The MasterCard Foundation is helping people living in poverty to access opportunities to learn and prosper.
Based in Toronto, Canada, The MasterCard Foundation was established through the generosity of MasterCard Worldwide at the time of the company’s initial public offering in 2006. The Foundation operates independently of MasterCard Worldwide. Foundation policies, operations and programming decisions are determined by our Board of Directors with our President and CEO.
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Ugandan women meet with BRAC community organizer
BRAC’s “microfinance multiplied” model enables women to use their loans to increase their incomes and build assets while stimulating economic and social development in their community. At the center of this model are groups of women that meet weekly with a BRAC community organizer who makes loans and collects repayments. These groups are the primary distribution channel for technical assistance to their communities. For example, BRAC trains some women to become model farmers, who in turn teach good farming practices to other members of their village. Other group members are trained as health promoters who share their knowledge and sell their services in their community.
