ShoreBank International Announces New Micro Savings Initiative

CHICAGO -- ShoreBank International (SBI) announced today that it has received a $5.5 million grant from the Bill & Melinda Gates Foundation to develop and implement a new micro savings initiative for South Asia’s poor.

The innovative program is designed to address one of the biggest barriers facing the region’s poor – limited access to savings and deposit accounts.

To read the full press release, visit the ShoreBank International 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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ShoreBank International, Ltd

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ShoreBank International (SBI)

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