The Foundation works with more than 100 partners in countries across Africa and in Canada. Together, we have improved the lives of more than 25 million people and their families.
Amount: $15.6 million
Countries: Liberia, Rwanda, Zambia
Serve 600,000 new, active customers, 75 percent of whom are engaged in farming or agribusiness.
Improve household incomes and increase well-being and security through the use of agents, mobile agri-financial services, and tools.
Strengthen local bank management and technical capacity through talent development initiatives with 1,800 staff.
Project: Promoting Opportunities for Women’s Economic Empowerment in Rural (POWER) Africa
Amount: $13.1 million
Countries: 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.
Project: Housing Microfinance in Africa
Amount: $6.6 million
Countries: Ghana, Kenya, Uganda
Expand access to housing microfinance products and support services to 17,000 low-income households in Uganda, Ghana, and Kenya.
Project: Partnership for Financial Inclusion
Amount: $37.4 million
Countries: Cameroon, Côte d’Ivoire, Democratic Republic of the Congo, Ghana, Madagascar, Pan - African, Senegal, Tanzania, Zambia
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: Learning Partner – Scaling Access to Financial Services
Amount: $5.0 million
Countries: Pan - African
Significantly increase the amount of relevant, actionable knowledge about savings that is available to the Mastercard Foundation, portfolio partners, and the wider sector.
Project: Mass Market Financial Inclusion
Amount: $12.0 million
Countries: 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: Training for Digital Finance Professionals
Amount: $8.6 million
Countries: Benin, Burkino Faso, Côte d’Ivoire, Democratic Republic of the Congo, Guinea-Bissau, Madagascar, Mali, Niger, Senegal, Togo
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: Savings at the Frontier
Amount: $17.6 million
Countries: Ghana, Tanzania, 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: Microlead II
Amount: $23.5 million
Countries: Benin, Burkino Faso, Burundi, Cameroon, Ghana, Liberia, Malawi, Rwanda, Tanzania, Uganda
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: Making Small Scale Savings Work
Amount: $16.1 million
Countries: Côte d’Ivoire, Kenya, Mali, Morocco, Nigeria, Senegal, Uganda
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.