MasterCard Commits Up to $1 Million to Advance Financial Inclusion in Rwanda
Wednesday, May 18, 2016
The MasterCard Centre for Inclusive Growth has committed up to $1 million over the next three years in order to advance economic growth and financial inclusion in Rwanda. The funds will be used to deliver a holistic mix of tools and resources, providing an opportunity to connect micro-entrepreneurs in Rwanda to the formal economy. This will help them to expand their business.
Raghu Malhotra, President of Middle East and Africa for MasterCard, announced the venture at the World Economic Forum on Africa (WEF) recently held in Kigali. She said: ““The Rwandan story is one of triumph over adversity, and the country stands as an example on how embracing technology and striving for a financially inclusive society can overcome the challenges of poverty. MasterCard is committed to helping develop a Cashless Rwanda, and the establishment of the grant is further testament to the importance we place in our collaboration with the Rwandan government”.