Change that Matters: Learning from our Partnerships
The MasterCard Foundation has been dedicated to learning as an organization since our first partnership in 2008. It is in this spirit that we are proud to share Change that Matters: Learning from our Partnerships. Informed by evaluations, research and the expertise of our partners and staff, this report provides a narrative introduction to our work by summarizing key learning from our first six years as a philanthropic organization.
Some insights highlighted in the report include:
- New learning about how those living in poverty can access needed financial services through community-based savings groups. A partnership with CARE Rwanda showed that participants in a savings group project were able to almost triple the amount of money they held in a savings account – from $5.56 to $16.42.
- One study shows how both smallholder farmers and financial institutions can benefit from coordinating efforts around financing and agricultural training. An impact assessment of the Foundation’s partnership with Opportunity International and the Bill and Melinda Gates Foundation showed significant benefits in terms of improving productivity and household income.
- How comprehensive skills training and access to financial services can help prepare young people living in poverty to succeed in the new economy. Young people participating in our Learn, Earn, and Save projects highlighted the importance of skills training and said it significantly impacted their confidence and their ability to confront and overcome obstacles.