MasterCard Worldwide, a Canadian global payments and technology company, recently disbursed USD 540,000 grant to the US-based nonprofit Grameen Foundation to launch mobile services that will provide agricultural and financial information to farmers in the cities of Urabá and Santa Marta, Colombia. With this grant, banana and cocoa farmers with gain access to agricultural, weather and pricing information via their mobile phones. The service is expected to launch in 2012.
The Grameen Foundation provides financial, technological and managerial support to provide new business opportunities and telecommunication services for poor people in rural areas. The Grameen Foundation reported total assets of USD 33.1 million as of March 31, 2010.
About The Grameen Foundation:
The Grameen Foundation, a nonprofit based in Washington, DC, provides financial, technological and managerial support to provide new business opportunities and telecommunication services for poor people in rural areas. Though it is independent of the Grameen Bank, Muhammad Yunus, the founder of the Grameen Bank, serves on the foundation’s Board of Directors. Grameen Foundation reported total assets of USD 33.1 million as of March 31, 2010.
By Ariana Malushi, Research Associate
Sources and Additional Resources
The Grameen Foundation Press Release: “MasterCard Worldwide and Grameen Foundation Collaborate to Alleviate Poverty”
http://www.grameenfoundation.org/press-releases/mastercard-worldwide-and-grameen-foundation-collaborate-alleviate-poverty
MicroCapital.org Story, September 26, 2011 “MICROCAPITAL BRIEF: Microfinance Innovation Center for Resources and Alternatives (MICRA) of Philippines to Join Grameen Foundation’s Bankers without Borders Alliance, Organize Volunteer Consultants Working with Microfinance Institutions”
https://www.microcapital.org/microcapital-brief-microfinance-innovation-center-for-resources-and-alternatives-micra-of-philippines-to-join-grameen-foundation’s-bankers-without-borders-alliance-organize-volunteer-consu/
MicroCapital.org Story, January 26, 2011, “MICROCAPITAL BRIEF: Grameen Foundation Bankers Without Borders Initiative Provides $150,000 in Funding for Alliance Program to Expand Volunteer Work in Sub-Saharan Africa”
https://www.microcapital.org/microcapital-brief-grameen-foundation-bankers-without-borders-initiative-provides-150000-in-funding-for-alliance-program-to-expand-volunteer-work-in-sub-saharan-africa/
MicroCapital Universe Profile, Grameen Foundation
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Grameen+Foundation
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/
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