The MasterCard Foundation Expands Savings Services for the Poor
Programs with Aga Khan Foundation Canada and CARE Canada to benefit an estimated 900,000 people in Tajikistan and Rwanda
TORONTO, Feb. 25, 2009 — The MasterCard Foundation has announced two new programs to expand savings initiatives in Tajikistan and Rwanda with Aga Khan Foundation Canada and CARE Canada. With a total investment of $9 million, these programs will strengthen and create innovations within the Village Savings and Loan Association (VSLA) model, benefiting approximately 900,000 people in remote communities, many of whom live on less than $2 a day.
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