The MasterCard Foundation Expands Savings Services for the Poor

Both programs will experiment with a variety of approaches to ensure high quality, cost-effective replication. The programs will be joined with other savings-led initiatives funded by international donors to compare learnings about sustainable ways to provide financial services to the remote poor.

About The MasterCard Foundation
The MasterCard Foundation is an independent, private foundation based in Toronto, Canada. It was established through the generosity of MasterCard Worldwide customer financial institutions at the time of the company's initial public offering in 2006. The Foundation has more than $1 billion in assets. Its vision is to make the economy work for everybody by advancing effective and innovative programs in the areas of microfinance and youth education. For more information, go to www.themastercardfoundation.org.