Expanding financial services to the rural poor in Africa

MasterCard Foundation and the Catholic Relief Services form a partnership to boost financial security for poor families in Africa.

Expanding financial services to the rural poor in Africa

The MasterCard Foundation and CRS have partnered to scale up savings groups in rural Zambia, Burkina Faso, Senegal, and Uganda. CRS will work with local partners to identify and train people with entrepreneurial spirit and strong community networks as local trainers. Trainer certification will be used to increase retention and ensure quality control. CRS will map rural and remote communities and deploy trainers who will form and train groups. CRS will work with mobile network operators in Uganda to provide savings groups with access to savings accounts via mobile phone. Access to formal financial institutions will improve the security of group funds and enable groups to save for longer term. CRS will document the client use of new financial tools and its impact on household economic activities.


  • MasterCard Foundation

    United States | Staff size: 51-100

    The MasterCard Foundation is an independent foundation based in Toronto, Canada with $10 billion in assets. Their vision is to create the opportunity for all to learn and prosper. They promote...

  • Catholic Relief Services (CRS)

    Implementing NGO
    United States | Staff size: 5001-10,000

    Catholic Relief Services was founded in 1943 by the Catholic Bishops of the United States to serve World War II survivors in Europe. Since then, they have expanded in size to reach more than 100...

More Resources

Key Information

LocationCentral Africa, West Africa, Southern Africa, Uganda, Zambia, Senegal, Burkina Faso
  • Start Date 2013
  • End Date 2017
  • ValueUSD 4 Million