The vast majority of the world’s poor lack access to formal financial services. Microfinance institutions are increasing access to financial services by the poor, but their reach and ability to scale continues to be limited.
Improve the lives of the poor and underserved in the developing world. Increase access of micro-entrepreneurs, small businesses and low-income groups to formal banking services in Africa while creating jobs and increasing economic opportunities in low-income communities.
Opportunity Transformation Investments
Oversees the development of microfinance banks to reach the poor in Africa
Foundation focus: Development, expansion, and scale of affordable credit and banking services to poor individuals and small businesses in Africa
Low Interest Loan
Date: November 2006
Associated funding: Technical assistance grant