Unlocking Potential: How Financial Inclusion Can Create a Better Tomorrow

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NORTHAMPTON, MA / ACCESSWIRE / January 13, 2023 / The Mastercard Center for Inclusive Growth launched the CARE Ignite Program, targeting financial inclusion for women entrepreneurs. This initiative has provided essential training and affordable financing, proving pivotal for many businesses affected by the pandemic, including Thao's floristry business in Vietnam, which struggled during the crisis. Through this partnership, Thao successfully transitioned to online sales, highlighting the importance of accessible digital tools for sustaining business growth.

Positive

• The Ignite Program offers affordable financing and training to women entrepreneurs.
• Successful case of a participant (Thao) who pivoted her business to online sales.

Negative

• Potential dependency on programs like Ignite might not be sustainable for all entrepreneurs.

NORTHAMPTON, MA / ACCESSWIRE / January 13, 2023 / The Mastercard Center for Inclusive Growth

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.

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Image courtesy of Vera Rubtsova

View additional multimedia and more ESG storytelling from The Mastercard Center for Inclusive Growth on 3blmedia.com.

Contact Info:
Spokesperson: The Mastercard Center for Inclusive Growth
Website: https://www.3blmedia.com/profiles/mastercard-center-inclusive-growth
Email: info@3blmedia.com

SOURCE: The Mastercard Center for Inclusive Growth

View source version on accesswire.com:
https://www.accesswire.com/735218/Unlocking-Potential-How-Financial-Inclusion-Can-Create-a-Better-Tomorrow

FAQ

What is the Mastercard Ignite Program for women entrepreneurs?

The Ignite Program, launched by the Mastercard Center for Inclusive Growth, focuses on providing affordable financing and training to women entrepreneurs.

How has the Ignite Program helped businesses during the pandemic?

The program has enabled businesses to access essential digital tools and training, helping them pivot to online sales.

What impact has the Ignite Program had on female entrepreneurs?

The Ignite Program has positively impacted female entrepreneurs by providing resources that facilitate business growth and resilience.

What is the goal of the Mastercard Center for Inclusive Growth?

The goal is to promote financial inclusion and support underserved communities through initiatives like the Ignite Program.