Gates Grant to FINCA Supports Development of Savings Products

$5.38 Million grant to FINCA International supports development of savings products for poor micro-entrepreneurs

WASHINGTON -- FINCA programs in Uganda, Ecuador and Democratic Republic of Congo will develop deposit mobilization strategies for scaling up savings services to very low-income families and individuals in an effort to help them build assets, reduce risks and improve their standard of living. Through the support of the Bill & Melinda Gates Foundation, FINCA will replicate successful models throughout its 21-affiliate network, with the goal of mobilizing $400 million in low-balance accounts within 10 years.

To read the full press release visit the FINCA web site.

###
Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Jeff Raikes and Co-chair William H. Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett.

Related Grant

FINCA International, Inc.

ONLINE RESOURCES

FINCA International

PRESS RELEASES

Feb 01, 2012Gates Foundation Invites Public to Explore New Visitor Center Jan 30, 2012Private and Public Partners Unite to Combat 10 Neglected Tropical Diseases by 2020 Jan 26, 2012Foundation Commits $750 Million to Global Fund