SEEP Network and The MasterCard Foundation Launch $7.6 million Partnership to Strengthen Microfinance Associations in Sub-Saharan Africa
The SEEP Network and The MasterCard Foundation are launching a new $7.6 million, four-year partnership to strengthen and develop the capacity of microfinance industry associations in Sub-Saharan Africa. As microfinance scales and commercializes in Africa, there is an opportunity to support greater consumer protection and financial transparency within the industry. Microfinance associations play a key role in supporting the sustainable growth of the microfinance industry. SEEP, as the global network of networks in microfinance, serves these associations by connecting them to a global learning community and by supporting capacity building efforts. Read More
Philanthropic Groups Partner to Increase Participation in Secondary Education in Developing Countries
A group of philanthropic organizations are forming a partnership to provide up to $5 million for efforts to increase the participation, quality, and relevance of secondary education for marginalized children, especially girls, in developing countries. The John D. and Catherine T. MacArthur Foundation, The MasterCard Foundation, Douglas B. Marshall Jr. Family Foundation and an anonymous donor will identify and support innovative initiatives that provide learning opportunities and life and livelihood skills for underserved youth between the ages 12-19 in East Africa (Kenya, Rwanda, Tanzania, and Uganda), Nigeria, and India. Read More