Project: Making Small Scale Savings Work
Amount: $16.1 million
Country: Kenya, Uganda, Côte d’Ivoire, Mali, Nigeria, Senegal, Morocco
One million new clients living on less than $2 per day will access and use savings services.
Develop a sustainable business model that demonstrates that low-balance savings accounts can be profitable.
Project: Training for Digital Finance Professionals
Amount: $8.6 million
Country: Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo, Madagascar, Congo (DRC)
Address gaps in the expertise of financial service providers to offer digital financial services to low-income clients in French-speaking countries in Africa.
Seven hundred practitioners from more than 275 organizations in the West African Economic and Monetary Union region, as well as the Democratic Republic of the Congo and Madagascar, will benefit from increased access to digital financial services training.
Delivery, uptake, and usage of financial services provided through participating organizations’ agent networks are expected to improve.
Project: Microlead II
Amount: $23.5 million
Country: Cameroon, Liberia, Malawi, Rwanda, Uganda, Tanzania, Ghana, Burundi, Burkina Faso, Benin
Increase access to financial services for 450,000 people, with an emphasis on savings, by implementing a variety of approaches including greenfields, transformations of MFIs to formally regulated deposit-taking institutions, and providing technical assistance to in-country MFIs.
Project: Mobile Money for the Poor (MM4P)
Amount: $24.9 million
Country: Zambia, Senegal, Benin
Expand mobile and other channels to provide financial services to low-income clients in three Least Developed Countries, including Benin, Senegal, and Zambia.
Project: Savings at the Frontier
Amount: $17.6 million
Country: Tanzania, Ghana, Zambia
Expand the range of financial services available to 250,000 financially excluded clients by designing and rolling out innovative products and delivery channels.
Test and implement business models that can deliver sustainable financial services to savings groups and their members.
Project: Mass Market Financial Inclusion
Amount: $12.0 million
Country: Côte d’Ivoire, Madagascar, Senegal
Improve access to financial services for 1,125,000 poor, unbanked clients in Senegal, Côte d’Ivoire, and Madagascar.
Develop savings and credit products that meet the needs of women, youth, and microenterprises that have low and inconsistent cash flows.
Support MicroCred’s expansion into rural areas where it can reach underserved populations through new delivery channels and financial products.
Project: Learning Partner: Scaling Access to Financial Services
Amount: $5.0 million
Significantly increase the amount of relevant, actionable knowledge about savings that is available to the Mastercard Foundation, portfolio partners, and the wider sector.
Project: Partnership for Financial Inclusion
Amount: $37.4 million
Country: Côte d’Ivoire, Congo (DRC), Senegal, Zambia, Ghana, Madagascar, Tanzania, Cameroon, Pan-African
Increase access to financial services for 5.3 million poor clients by scaling up IFC’s strongest cohort of microfinance institutions.
Innovate and expand successful business models in mobile financial services and facilitate exchange of global best practices.
Project: Housing Microfinance in Africa
Amount: $6.6 million
Country: Uganda, Ghana, Kenya
Expand access to housing microfinance products and support services to 17,000 low-income households in Uganda, Ghana, and Kenya.
Project: Scaling Up Financial Inclusion in Sub-Saharan Africa
Amount: $12.7 million
Country: Malawi, Tanzania, Zambia
Expand the outreach of FINCA in Malawi, Tanzania, and Zambia by providing access to savings services to 500,000 low-income clients.
Improve staff capacity to lead and support increased outreach.
Demonstrate how expanding outreach to poor clients impacts their livelihoods.
Project: Promoting Opportunities for Women’s Economic Empowerment in Rural (POWER) Africa
Amount: $13.1 million
Country: Burundi, Côte d’Ivoire, Ethiopia, Rwanda
Scale savings groups (Village Savings and Loan Associations) in rural areas of Burundi, Côte d’Ivoire, Ethiopia, and Rwanda.
Provide 480,000 savings group members with access to financial products and services.