MIX and The MasterCard Foundation Partner to Expand Data Coverage Among Microfinance Institutions in Africa
Recognizing the powerful and important impact that a strong microfinance sector can have in Africa, the Microfinance Information Exchange (MIX) and The MasterCard Foundation today launched a partnership to improve visibility and access to information among microfinance institutions (MFIs) in Africa. This partnership is part of a $2 million, three-year program between MIX and The MasterCard Foundation to enhance core functions of the MIX Market web platform, and enable reporting of accurate, high-quality financial and social performance data on the microfinance industry around the world. Read More
The MasterCard Foundation Names President Festus G. Mogae of Botswana to its Board of Directors
The MasterCard Foundation announced today the appointment of President Festus G. Mogae of Botswana to its Board of Directors. President Mogae’s career is distinguished by achievements that advanced economic and social progress in Sub-Saharan Africa, where the Foundation focuses many of its efforts. His experience implementing health and education reforms, growing his country’s economy and later serving as an international thought leader on health and climate change issues, make him a dynamic addition to the Board. Read More
The MasterCard Foundation and UN Capital Development Fund Increase Access to Financial Services for Young People in Sub-Saharan Africa
The MasterCard Foundation and the UN Capital Development Fund (UNCDF) today announced YouthStart, an initiative to increase access to financial services for 200,000 low-income youth in Sub-Saharan Africa. YouthStart was catalyzed by a four year, $12 million contribution from The MasterCard Foundation. Read More