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.
Savings Led Approaches: Pact's WORTH, CARE, CRS, OXFAM (Promising Practices Series)
Pact’s WORTH program addresses the issue of HIV/AIDS and its effects on orphans andvulnerable children (OVC). Pact works mostly in rural Sub-Saharan Africa, as this iswhere AIDS has hit hardest, but also has programs in Nepal. CARE’s work with Ophavela in Mozambique operates in an agricultural region whereilliteracy is high, AIDS is increasingly becoming a problem, and few women are involvedin microenterprise. CARE’s MMD program works with rural women in the poorest countries in Africa, particularly in Niger, and has replicated it in Mozambique, Zimbabwe, Malawi, Zanzibar,Mali, Eritrea, Rwanda and Uganda. CRS works in India. Oxfam’s Banking on the Poor Program (BOP) is in poor, rural areas where malaria killsmore than AIDS.