From Microfinance to Financial Inclusion - Current State of the Foundation's Microfinance Portfolio - 2013-05
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- Title
- From Microfinance to Financial Inclusion - Current State of the Foundation's Microfinance Portfolio - 2013-05
- Author
- Mastercard Foundation
- Year
- 2013
- Publication/Event Date
- May 2013
- Abstract
- This report details the Mastercard Foundation's shift from "Microfinance" to "Financial Inclusion" in its strategy to serve the poor, particularly in Sub-Saharan Africa. It outlines the rationale for this change, noting that Financial Inclusion better addresses the diverse financial needs of the poor and involves a wider range of actors beyond traditional microfinance institutions. The document provides an executive summary of the foundation's $278 million commitment to the field since 2008, focusing on scaling access in Africa, pioneering services for youth, and promoting responsible finance. Finally, it summarizes the learnings and future programming directions across these strategies, emphasizing a move toward rural and agricultural finance and leveraging mobile technology.
- Resource Subject
-
- Microfinance
- Future of Work
- Keywords/Access Points
- Financial Inclusion; Sub-Saharan Africa; Youth; Scaling Access; Responsible Finance; Rural Finance; Agricultural Finance
- Geographic Locations
-
- Africa
- Sub-Saharan Africa
- Language
-
- English
- Demographic Groups
-
- Youth
- Special Collections
-
- Foundation Publications
- Archival Record ID
- MFA.2024.1698