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. We aim to increase access of micro-entrepreneurs, small businesses and low-income groups to formal banking services in Africa as well as create jobs and increase economic opportunities in low- income communities.
Commercial holding company committed to building profitable banks in developing countries
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