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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

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 is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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