Grameen Foundation Expanding Technology for Microfinance Initiative Working with support from The MasterCard and Cisco Foundations
Grameen Foundation today announced it is expanding its technology for microfinance initiative to provide enhanced support to high-growth, mid-size microfinance institutions (MFIs) serving up to one million clients. It also plans to extend the Mifos® platform to enhance connectivity to mobile payment systems and improve the integration of the Progress out of Poverty Index™ (PPI™). These efforts are being supported by The MasterCard and Cisco Foundations. Read More
Plan Canada and The MasterCard Foundation expand youth microfinance project in West Africa
A new partnership between Plan Canada and The MasterCard Foundation will economically empower 70,000 young people in West Africa by giving them access to savings and loans services as well as financial literacy and life skills training. The $4.1 million program will scale up the formation of youth savings and loans associations in Niger, Sierra Leone and Senegal. This is the largest program of its kind to take place in West Africa and is unique in offering young people (ages 15 to 25) an opportunity to lead and manage a savings-led community-based approach to microfinance. Read More