Catholic Relief Services (CRS)

Financial Inclusion

Purpose

Expand financial services to the rural poor in Africa

Why We Partnered

The MasterCard Foundation and Catholic Relief Services have partnered to scale up savings groups in rural Zambia, Burkina Faso, Senegal, and Uganda. CRS will work with local partners to identify and train people with entrepreneurial spirit and strong community networks as local trainers. Trainer certification will be used to increase retention and ensure quality control. CRS will map rural and remote communities and deploy trainers who will form and train groups. CRS will work with mobile network operators in Uganda to provide savings groups with access to savings accounts via mobile phone.  Access to formal financial institutions will improve the security of group funds and enable groups to save for longer term. CRS will document the client use of new financial tools and its impact on household economic activities.

crs.org

Amount:

$12.4 million

Term:

Four years

Location:

Zambia, Burkina Faso, Senegal, Uganda