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 Sub-Saharan Africa. As one of the largest, independent foundations, its work is guided by its mission to advance learning and promote financial inclusion in order to alleviate poverty. Based in Toronto, Canada, its independence was established by MasterCard when the Foundation was created in 2006. For more information, please visit www.mastercardfdn.org or follow us on Twitter @MCFoundation.
Financial Graduation Feasibility Study
This study was commissioned by the Financial Sector Deepening (FSD) Trust in Kenya to examine opportunities to support a financial graduation model, targeting the extremely poor and food insecure who receive cash transfers under the Hunger Safety Net Programme (HSNP). Specifically, the study team proposed to:
- Analyse the opportunities and challenges of delivering a market-led financial graduation model in northern Kenya;
- Examine the feasibility and viability of taking forward the recommendations of the “Markets and Poverty in Northern Kenya – Towards a Financial Graduation Model” report (Elliott and Fowler, 2012); and
- Use findings to consider the feasibility of implementing financial graduation programming by FSD in northern Kenya.
Within this study, SGs are seen as a viable mechanism toward graduation of extremely poor communities. Of special interest to the SG practitioner will be chapters 4 and 5.