2010-02-23 Gates and MasterCard Foundations Partner with Opportunity International to Provide Financial Access to 1.4 Million of the Rural Poor in Africa $16 million program focuses on smallholder farmers
Oak Brook, Ill., Feruary 23, 2010 - Opportunity International has announced a $16 million program co-funded by the Bill & Melinda Gates Foundation and The MasterCard Foundation to provide access to savings accounts and agricultural loans in rural areas of sub-Saharan Africa, where less than 10 percent of people have access to comprehensive financial services.
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2010-02-08 MasterCard Foundation and Equity Group Foundation Launch Comprehensive Scholarship Program for Financially Disadvantaged Kenyan Students $4.6 million partnership will benefit 676 secondary school students
Nairobi, Kenya, February 8, 2010 - The MasterCard Foundation and the Equity Group Foundation (EGF) today launched a program that will provide $4.6 million in comprehensive educational support to 676 secondary students in Kenya over the next five years. Reeta Roy, President and CEO of The MasterCard Foundation, and EGF Chairman Dr. James Mwangi announced the partnership at an event in Nairobi presided by Prime Minister Raila Odinga.
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2009-12-21 Leading Website on Microfinance Performance Partners with
The MasterCard Foundation for Re-Launch
Washington, DC, December 21, 2009 - The Microfinance Information Exchange, Inc. (MIX)
announced the re-launch of MIX Market (www.mixmarket.org), the global platform for
microfinance data, analytics and business information. The website was redesigned and the underlying database rebuilt to allow for the rapidly expanding network of microfinance
institutions and their broader array of products, services and metrics.
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2009-11-17 Leaders in Philanthropy and Higher Education Address Future of
the Global Movement of University Civic Engagement
New York, NY, November 17, 2009 - Twenty-one leaders in international philanthropy and higher education met on November 2 at the Carnegie Corporation of New York to consider the future of the rapidly growing global movement of civic engagement and social responsibility in higher education.
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2009-10-30 The SEEP Network and The MasterCard Foundation Launch $2.78 Million Youth Financial Services Practitioner Learning Program
Washington, DC, October 30, 2009 - The MasterCard Foundation and The SEEP Network announce a three-year, US$2.78 million partnership to undertake a Practitioner Learning Program (PLP) entitled "Reaching Scale in Youth Financial Services." The program aims to enable microfinance practitioners to scale up innovative and sustainable products for young people.
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2009-09-23 CGAP leads commitment to move people out of extreme poverty
Washington, DC, Sept. 23, 2009 - New approach to sustainable development for the poorest of the poor to get a boost at Clinton Global Initiative. Fresh commitment to help the ultra poor move out of poverty led by CGAP.
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2009-09-21 Women’s World Banking and The MasterCard Foundation Create Center for Microfinance Leadership $3.1 million from The MasterCard Foundation to support development and promotion of world-class leadership and management practices throughout the sector
New York, NY, September 21, 2009 - Women’s World Banking (WWB), a leading global network of microfinance institutions and banks dedicated to the economic empowerment of low-income women, and The MasterCard Foundation today announced the creation of the WWB Center for Microfinance Leadership at the Womensphere L.I.V.E World Summit, which showcases innovative solutions to global issues. $3.1 million from The MasterCard Foundation will support the Center’s development and promotion of world-class leadership and management practices throughout the sector.
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2009-02-25 The MasterCard Foundation Expands Savings Services for the Poor Programs with Aga Khan Foundation Canada and CARE Canada to benefit an estimated 900,000 people in Tajikistan and Rwanda
The MasterCard Foundation has announced two new programs to expand savings initiatives in Tajikistan and Rwanda with Aga Khan Foundation Canada and CARE Canada. With a total investment of $9 million, these programs will strengthen and create innovations within the Village Savings and Loan Association (VSLA) model, benefiting approximately 900,000 people in remote communities, many of whom live on less than $2 a day.
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2008-12-15 The MasterCard Foundation and MEDA Pioneer Financial Services for Poor Youth in Egypt and Morocco
The MasterCard Foundation and Mennonite Economic Development Associates (MEDA) announced a $5 million program to create inclusive financial services and education for youth in Morocco and Egypt. This five-year program, called Youth Invest, will enable microfinance institutions to develop and test innovative products, reaching approximately 50,000 people between the ages of 15 and 24, especially those living in rural areas.
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2008-11-18 The MasterCard Foundation & BRAC Expand Microfinance Services in Uganda
The MasterCard Foundation and BRAC announced today a $19.6 million program to expand financial services to the poor across Uganda, benefiting approximately 2 million people. This initiative will demonstrate for the first time the full potential of BRAC’s holistic microfinance approach to reduce poverty and improve livelihoods in Africa. Insights generated from this program will enable BRAC to accelerate its long-term plan to adapt this approach for other African countries.
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2008-05-14 The MasterCard Foundation Launches Scholars Program to Expand Training of Microfinance Professionals
Toronto, ON, May 14, 2008 - The MasterCard Foundation launched its Scholars Program today by awarding grants totaling $600,000 to six leading microfinance training institutes. The program will fund 200 scholarships for staff working in microfinance in Africa, Asia, Eastern Europe, Latin America and the Middle East to participate in management and professional development courses.
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2008-05-07 The MasterCard Foundation Partners with Microfinance Information eXchange to Enhance Transparency of Microfinance Industry
Toronto, ON, May 7, 2008 - The MasterCard Foundation awarded a two-year, $740,000 grant today to Microfinance Information eXchange (MIX) to launch MIX Market 2.0, a nextgeneration Web platform for sharing reliable, comparable and publicly available information on the financial strength and performance of microfinance institutions. MIX, a not-for-profit private company, has received industry-wide recognition for its efforts to increase the transparency of the microfinance sector.
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2008-04-02 The MasterCard Foundation Names Reeta Roy President & CEO
The MasterCard Foundation announced today the appointment of Reeta Roy as president and chief executive officer. She joins the Foundation with experience in global philanthropy, health policy and corporate social responsibility...
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