The Female Entrepreneurship Fund is a specialized investment vehicle that channels resources from institutional investors to support women entrepreneurs in the Central American Integration System (Sica) region.

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability. 

Paymentology, the leading global issuer-processor, today announces an expanded partnership with Mastercard to bolster financial inclusion across Guatemala, Honduras, and El Salvador.

Financial inclusion would be a key objective of the consultation on the potential of a retail central bank digital currency (CBDC) launched by the Central Bank of Honduras.

The grant will allow Opportunity International to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.

The commitments are part of Mastercard’s engagement, as a founding member, in the Partnership for Central America.

Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda.

The main objectives of the assignment were to design agency banking business model, map potential agents’ locations throughout the country, and provide technical assistance for branding, advertising, consumer education and industry sensitization on agency banking. 

Applicants can be based anywhere globally, however solutions must focus on youth, women, returning migrants or MSMES in Ashanti and Western regions of Ghana.

AFC started implementing three new projects in fall this year that aim to promote financial sector soundness and access to financial services by individuals.