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.
PAREL signifies “be prepared” in Wolof, the most commonly spoken language in Senegal, and serves the dual purpose of calling on communities to take ownership of the initiative and play an active role in preventing disease. Working hand in hand with the Government of Senegal’s Agency for Universal Health Coverage, this project was initiated with nearly $75,000 from CRS private funds towards the newly launched government strategy. Leveraging existing CRS savings groups funded by the MasterCard Foundation in the project area, the pilot aims to improve access to health services and strengthen prevention behaviors among vulnerable populations through health mutuals run by volunteer community members.To gauge progress, the project uses five objectives:
- Adapt and promote the government's health insurance approach to improve the social and economic conditions of the most vulnerable through access to affordable health care.
- Help and encourage vulnerable populations to subscribe to community health insurance options through awareness-raising and basic education on the costs and benefits of the subsidized health insurance options.
- Leverage existing CRS savings groups as key influencers in raising community awareness about universal health coverage, serving as early adopters in registration.
- Reinforce the financial and organizational systems and structures of health mutuals to ensure quality services and adequate coverage for registered members.
Inspire a long-term commitment to community health insurance for members of savings groups and the general population.
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