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.
Pact-Ethiopia is an international development non-profit organization that has been legally registered as an NGO with the Ministry of Justice in Ethiopia since 1996. It also holds an operational agreement with the Disaster Prevention and Preparedness Commission of the Country.
Pact - Ethiopia capacitates the local or indigenous organizations as well as the communities they serve in the country. Pact does this across key sectors, i.e. Education, Health and HIV/AIDS, Democracy And Governance, Vulnerable Children, Livelihoods and Women‘s Empowerment, etc. Pact accomplishes this by strengthening the capacity of grassroots organizations, coalitions and networks and by forging linkages among government, business and the citizen sector to achieve social, economic and environmental justice. Women's empowerment issues are being addressed through two programs: Metebaber implemented through SIDA Cooperation and the WORTH initiative jointly funded by USAID and SIDA.
Worth has become widely known as a program for the economic empowerment of women in several African countries, and there are ample evidences which showed success in empowering women and building the capacity of implementing grassroots organizations and NGOs. As it is mentioned above Worth, as a pilot project has been implemented in Ethiopia since January, 2006, is jointly funded by USAID and SIDA. Worth is found to be a ground-breaking model, rapidly-scalable and low-cost program focusing on literacy and socio-economic empowerment of women in 15 Woredas of Amhara, Oromiya and SNNP Regional States.
Pact in collaboration with 9 Partner local NGOs has implemented self-managed savings and lending groups in the cited 15 selected rural Woredas.
The objectives of the program were:
- Increase the income of 9,000 women in 15 selected rural Woredas of Oromiya, Amhara, and SNNP Regional States;
- Increase the social interaction of and decision making role of targeted women in the selected areas through skill training, economic empowerment and networking.