IFC, The MasterCard Foundation, and FINCA Support Expansion of Financial Inclusion in Democratic Republic of Congo
IFC, a member of the World Bank Group, together with The MasterCard Foundation, on January 17 announced a cooperation agreement valued at $1 million with microfinance institution FINCA in the Democratic Republic of Congo. Under the agreement, FINCA will expand access to credit and digital financial services for low-income people and small-scale entrepreneurs.
- Sub-Saharan Africa
Leveraging Loyalty: How m.Paani is mobilizing BoP consumer behavior for social good – Part 4 of our Digital Finance Plus series
Whether they’re frequent flyer miles or credit card rewards points, loyalty programs are a mutually beneficial way for companies to build relationships with customers. m.Paani is using digital finance tools to take that model in a new direction, by connecting BoP households’ commercial and social behaviors to points that can be redeemed for socially beneficial rewards.