The MasterCard Foundation, a Canada-based nongovernmental organization (NGO) supporting microfinance and education, and CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center, recently announced a USD 11.4 million partnership to develop low-cost financial products to assist people living in poverty.
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MICROCAPITAL BRIEF: MasterCard Foundation, SEEP Network Launch $7.6m Program for Microfinance Associations in Sub-Saharan Africa
The MasterCard Foundation, a private, Canada-based foundation that focuses on education and microfinance, and the Small Enterprise Education and Promotion (SEEP) Network, a US-based network of microenterprise practitioners, recently entered into a four-year, USD 7.6 million partnership to improve microfinance associations in Sub-Saharan Africa.
MICROCAPITAL BRIEF: International Finance Corporation, MasterCard Foundation Plan $37m Effort to Improve Financial Services in Africa
The International Finance Corporation (IFC), a member of the World Bank Group that supports private-sector development, and MasterCard Foundation, a Canada-based foundation that focuses on microfinance end education, recently announced a USD 37.4 million partnership to increase access to financial services in Sub-Saharan Africa.
MICROCAPITAL BRIEF: MasterCard Foundation Scholarship Applications Due May 4 for Sustainable Microenterprise and Development Program, New Hampshire, USA
MasterCard Foundation, a Canadian affiliate of US-based payments firm MasterCard that aims to promote financial inclusion and education in developing countries, is offering an undisclosed number of scholarships for microfinance practitioners to attend the Sustainable Microenterprise and Development Program (SMDP), which will address a “livelihoods approach” to microfinance, enterprise and economic development from June 18 to June 29, 2012.
MICROCAPITAL BRIEF: MasterCard Foundation, UN Capital Development Fund (UNCDF) Announce $23m Expansion of MicroLead Program to Promote Savings in Developing Countries
The MasterCard Foundation, a Canada-based philanthropic organization that supports projects in the microfinance and education sectors, has agreed to grant USD 23.5 million to the MicroLead program, a financial inclusion initiative that was designed by the United Nations Capital Development Fund (UNCDF), an investment facility intended to encourage private sector development.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Launches Interactive “Africa Map of Financial Inclusion for the Poor” With Funding From Canada’s MasterCard Foundation
The Microfinance Information Exchange (MIX) a US-based nonprofit organization that publishes financial and social performance information from microfinance stakeholders, recently launched the “Africa Map of Financial Inclusion for the Poor,” an interactive tool that shows country-specific microfinance information in the context of socioeconomic indicators.
MICROCAPITAL BRIEF: MasterCard Foundation, Equity Group Foundation Celebrate First Graduation From Financial Education Program in Kenya
The MasterCard Foundation, a Canadian institution that seeks to alleviate poverty through microfinance and education, and Equity Group Foundation (EGF), the social arm of Kenyan microfinance institution Equity Bank, are celebrating the graduation of the first 1,000 participants from their financial education program in Kenya [1].
MICROCAPITAL BRIEF: MasterCard Foundation of Canada Commits Additional $25m To BRAC’s “Microfinance Multiplied” Program in Uganda, With Plans to Open 40 New Branches
The MasterCard Foundation of Canada recently committed USD 25 million to BRAC, a microfinance institution (MFI) formerly known as the Bangladesh Rural Advancement Committee, in an effort to support the expansion of BRAC’s “microfinance multiplied” program in Uganda, which enables poor clients to use microloans to build income and assets while simultaneously encouraging social and community development. The commitment aims to enable BRAC to expand its network in Uganda by opening 40 new branches. The BRAC program provides credit, training and technical support to economically active women, with a focus on those engaged in agricultural poultry and livestock. The program also assists adolescent girls in furthering their vocational and life-skills training.
MICROCAPITAL BRIEF: MasterCard Foundation, Women Advancing Microfinance (WAM) Announce Scholarship Opportunities for Sustainable Microenterprise and Development Program (SMDP) in Ghana
The MasterCard Foundation of Canada and Women Advancing Microfinance’s (WAM’s) New York chapter recently announced scholarship opportunities for the University of New Hampshire’s Sustainable Microenterprise and Development Program (SMDP) in Ghana.
MICROCAPITAL BRIEF: Microfinance Opportunities (MFO), MasterCard Foundation Announce Branchless Banking Partnership with MTN Ghana, Mobile Transactions of Zambia
Recently, Microfinance Opportunities (MFO), a microenterprise resource center based in Washington, DC, and the MasterCard Foundation, a Canadian foundation with approximately USD 2.9 billion in assets, announced that they have chosen MTN Ghana Mobile Money and Mobile Transactions of Zambia to participate in their Consumer Education for Branchless Banking (CEBB) program.
MICROCAPITAL BRIEF: Microfinance Information Exchange (MIX) Funded by MasterCard Foundation to Expand Data Coverage Among Microfinance Organizations (MFIs) in Africa
The Microfinance Information Exchange (MIX), the microfinance data clearinghouse, has received a USD 2 million grant from the MasterCard Foundation, a private Canadian foundation that seeks to alleviate poverty through microfinance and education, to improve information sharing among microfinance institutions (MFIs) in Africa and the visibility of those organizations outside the region.
MICROCAPITAL BRIEF: MasterCard Foundation, UN Capital Development Fund (UNCDF) Launch YouthStart to Expand Financial Services for Youth in Sub-Saharan Africa
The MasterCard Foundation, a private Canadian foundation that seeks to alleviate poverty through microfinance and education, and the UN Capital Development Fund (UNCDF), the investment agency of the UN, recently announced that they have partnered to launch YouthStart, a competition-based program aimed at increasing access to financial services for low-income youth in Sub-Saharan Africa.
MICROCAPITAL BRIEF: Water.org, MasterCard Foundation Launch $3.6m Partnership to Boost WaterCredit Program That Uses Microfinance to Increase Access to Clean Water in Africa
Water.org, a nonprofit organization promoting access to clean water in Africa, and MasterCard Foundation, a Toronto-based foundation promoting microfinance and youth education, have launched a four-year, USD 3.6 million partnership to assist microfinance initiatives that relate to clean water in Sub-Saharan Africa.
MICROCAPITAL BRIEF: Microfinance Opportunities (MFO) and The MasterCard Foundation Announce Partnership with Financial Information Networks and Operation (FINO) of India and The Rural Bankers Association of the Philippines (RBAP) for Branchless Banking Program
The MasterCard Foundation, a private foundation with approximately CAD 3 billion (the equivalent of USD 2.9 billion) in assets, and Microfinance Opportunities (MFO), a microenterprise resource center established in 2002, have selected two companies in Asia to participate in their Financial Education for Branchless Banking Program.
MICROCAPITAL BRIEF: MFTransparency and The MasterCard Foundation Launch Enabling APR & EIR Program to Promote Transparency in Microfinance in Eight Sub-Saharan African Countries
MFTransparency, a US-based nonprofit that encourages fair and transparent pricing in the microfinance industry, and the MasterCard Foundation, a private Canadian foundation that aims to increase access to microfinance and education, have joined together to launch the Enabling Africa to Price Responsibly & Educate on Interest Rates program (Enabling APR & EIR). The Enabling APR & EIR Program aims to raise awareness of transparent pricing issues in eight countries in Sub-Saharan Africa: Malawi, Uganda, Rwanda, Ghana, Tanzania, Zambia, South Africa and Mozambique.
MICROCAPITAL EVENT: “Youth Savings Accounts: The Youth Development and Financial Inclusion Nexus?” Hosted Live and via Webcast by the YouthSave Consortium and the MasterCard Foundation on May 6, 2010, Washington, DC, USA
Event Name: “Youth Savings Accounts: The Youth Development and Financial Inclusion Nexus?”
Event Date: May 6, 2010
Event Location: New America Foundation
1899 L Street NW Suite 400
Washington, DC 20036 USA
For those unable to attend, the event will be webcast live at http://www.newamerica.net/events/2010/youth_savings_accounts
Event Website: http://www.newamerica.net/events/2010/youth_savings_accounts
See Our Comprehensive Event Calendar Here: http://microfinanceassociation.ning.com/events
MICROCAPITAL BRIEF: MasterCard Foundation Provides $4.5m Grant to Haitian Microfinance Institution (MFI) Fonkoze
The MasterCard Foundation, a private Canadian foundation that supports microfinance, recently announced it would provide a USD 4.5 million grant to Fonkoze, a Haitian microfinance institution (MFI) serving 200,000 borrowers and savers.
MICROCAPITAL BRIEF: Grameen Foundation to Upgrade Mifos, an Open Source Microfinance Institution (MFI) Management Software with Grants of $500,000 from Cisco Foundation and $1.23m from MasterCard Foundation
The Grameen Foundation, an independent non-profit organization, has announced that it will add functionality to Mifos, a microfinance institution (MFI) management software package that is open source, meaning that it is free software that can be changed by users.