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Unlocking Potential: How Financial Inclusion Can Create a Better Tomorrow

Enabling success for underserved business owners can help support growth and create long-lasting, positive change for communities

Unlocking Potential: How Financial Inclusion Can Create a Better Tomorrow

Enabling success for underserved business owners can help support growth and create long-lasting, positive change for communities

Published 01-16-23

Submitted by MasterCard Center for Inclusive Growth

Mitzie outside of a store with a lit "Open" sign.
Image courtesy of Vera Rubtsova

Originally published by Financial Times on ft.com

CARE’s Ignite Program is one such gender-focussed programme, and it proved to be a salvation for Vietnam-based Thao when the storefront floristry business she opened in 2018 was hit hard by the pandemic. She didn’t have the funds to make the pivot needed to survive. Through CARE’s Ignite Program – a partnership with the Mastercard Center for Inclusive Growth – Thao was able to obtain affordable financing through the programme’s access to essential digital tools and training, which helped her expand her business to online sales.

 Mitzie sitting in a salon chair
Mitzie in her Harlem-based hair salon (Photo by Vera Rubtsova)

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MasterCard Center for Inclusive Growth

MasterCard Center for Inclusive Growth

About the Mastercard Center for Inclusive Growth

The Mastercard Center for Inclusive Growth advances equitable and sustainable economic growth and financial inclusion around the world. The Center leverages Mastercard’s core assets and competencies, including data insights, expertise, and technology, while administering the philanthropic Mastercard Impact Fund, to produce independent research, scale global programs and empower a community of thinkers, leaders and doers on the front lines of inclusive growth. For more information and to receive its latest insights, follow the Center on LinkedIn and subscribe to its newsletter.

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