In July 2013, FINCA Canada and Mastercard Foundation entered a 5 year, $12.7 million partnership to significantly scale up financial inclusion in Malawi, Tanzania, and Zambia. During this period, FINCA has been establishing new delivery channels to deliver products to rural and underserved communities. In addition, the partnership will allow FINCA to provide training that allows staff to shift their orientation from credit-centric products to a broader range of financial services including savings, and further embed social performance metrics into every aspect of FINCA’s operations.
Percentage of population that is financially excluded:
- Malawi: 83%
- Tanzania: 83%
- Zambia: 79%
FINCA and Mastercard Foundation share the same values and belief that people have the potential to transform their lives, if given the opportunity. By increasing access to high quality microfinance services in Sub-Saharan Africa, FINCA and Mastercard Foundation are enabling low-income individuals and households to realize their potential, and improve the lives of their families, and the communities in which they live.
The full press release about the partnership can be found here »
You can join the effort to scale up financial inclusion worldwide by donating here.
If you have any questions about this partnership, please contact Stephanie Emond or 514-419-1246.
Mastercard Foundation also supports FINCA through the IFC and the MicroLead and YouthStart programs, managed by the UNCDF.
