Anonymous ID: 48a7b3 July 18, 2019, 2:17 p.m. No.7086254   🗄️.is 🔗kun   >>6405 >>6615

Mastercard Foundation sold $6.6m in shares of Mastercard-July 16-18

 

Mastercard Foundation is a global foundation established by Mastercard in 2006. Since its creation, the Foundation has partnered with a number of worldwide Non-governmental organizations and core partners aiming to ameliorate financial life, primarily in the Global South. Its objective is to use a $2 billion endowment on Microfinance programs. With these programs, the Foundation's goal is to make global economics more accessible to people around the world. These programs also strive to give youth around the world new educational experiences and access to financial services and programs.

 

Mastercard Foundation was founded in 2006, operating primarily out of Toronto. It began as a board made up of five American directors and two Canadian directors, with chairwoman Lois Juliber. During the Foundation's infancy however, it began to emphasize the American contributions, and two years after the initial board was formed they named Reeta Roy as president and CEO of the Foundation.

The Mastercard Foundation has many partners all over the world, including:

 

Opportunity International

One Acre Fund

Alliance for a Green Revolution in Africa

 

The Foundation and partners collaborate in an attempt to increase access to financial inclusion programs and services.

 

Other partners include:

 

ACCION International

Aga Khan Foundation

BRAC

CARE Canada

Catholic Relief Services

Freedom from Hunger

Grameen Foundation

Fonkoze

Microfinance Information Exchange

Opportunity International

Plan Canada, Save the Children

The SEEP Network

Water.org

Women's World Banking

UNCDF

Equity Group Foundation

The Mastercard Foundation Scholars

 

Program

The Mastercard Foundation is also in partnership with Education for Employment (EFE). This partnership committed 3.2 million dollars to introduce MORAD, a program devised to employ 15,500 Moroccan youth with a 4 year job opportunity. This program provides career building opportunities to 3,000 university graduates, many of whom are women, and also provide employment to an additional 12,500 disadvantaged youth.

https://en.wikipedia.org/wiki/Mastercard_Foundation

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