Promoting Inclusive Markets and Financial Systems
The MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and financial services for people living in poverty, primarily in Africa. As one of the largest private foundations its work is guided by its mission to advance learning and promote financial inclusion to create an inclusive and equitable world. Based in Toronto, Canada, its independence was established by Mastercard when the Foundation was created in 2006. For more information and to sign up for the Foundation’s newsletter, please visit www.mastercardfdn.org. Follow the Foundation at @MastercardFdn on Twitter.
A Sustainable Approach to Community-Based Savings in Rwanda
This report presents results from the final evaluation survey of Catholic Relief Services’ Private Service Provider (PSP) project in Rwanda’s Eastern Province, which was implemented from August 2011 to April 2014. The objective of the evaluation survey was to assess the impact of the PSP model on savings and internal lending communities’ (SILC) sustainability. The results showed that the PSP model does not only facilitate the creation of SILC groups but also helps the groups to evolve in such a way that they become fully operational and no longer require the regular guidance of a field agent, but instead can call upon a PSP for occasional and specific services.