EFInA to Increase Access to Savings and Other Financial Services for the Underserved in Nigeria - Bill & Melinda Gates Foundation

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.