EFInA to Increase Access to Savings and Other Financial Services for the Underserved in Nigeria

LAGOS, Nigeria -- Enhancing Financial Innovation & Access (EFInA) today announced that it received a $3.5 million grant from the Bill & Melinda Gates Foundation for its Innovation Fund, a special facility which seeks to promote innovation in the development and deployment of financial services by expanding financial access to the underserved population in Nigeria. This funding specifically helps establish savings and branchless banking services for people who live on less than $2 a day and builds on support already provided by DFID (the UK’s Department for International Development) and the Ford Foundation.

To read the full press release, visit the EFInA web site.

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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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Enhancing Financial Innovation & Access (EFInA)

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