RPA Launches Innovative Program to Help the World’s Poor Gain Access to Safe Ways to Save Money

NEW YORK -- To help the millions of poor people worldwide who lack a safe way to save money, Rockefeller Philanthropy Advisors has launched a novel initiative that will work with regulated financial institutions in five countries to create savings accounts that are appropriate and affordable for poor families and profitable for banks over the long term. The three-year program, called Gateway Financial Innovations for Savings (GAFIS), is funded by a $9.5 million grant from the Bill & Melinda Gates Foundation.

To read the full press release, visit the Rockefeller Philanthropy Advisors website.

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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.

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