Opportunity International Partners with Gates, MasterCard Foundations to Increase Financial Access in Rural Africa

Opportunity International has announced a US$16 million program co-funded by the Bill & Melinda Gates Foundation and The MasterCard Foundation to provide access to savings accounts and agricultural loans in rural areas of sub-Saharan Africa.

Opportunity will use the joint grant to provide over 1.4 million people with access to savings accounts, including 950,000 in rural areas. Opportunity will deploy a range of cost-effective delivery channels, including satellite branches, kiosks, mobile vans, ATMs and point-of-sale devices to expand the number of banking outlets. Beginning in Malawi and Ghana, the program will be expanded to two to three additional countries over the next five years.

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