PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

592607

Primary Business Area

Access To Finance

Disclosure Date

Jul 17, 2012

Country

Africa Region

Region

Africa

IFC Approval Date

Mar 21, 2012

Status

Completed

Estimated Total Budget

$3,679,639.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

Jan 15, 2017

Project Description

The Mobile Financial Services (MFS) Program in Sub-Saharan Africa will help the private sector build the expertise and infrastructure required to profitably offer financial services to the unbanked through the use of agent networks and technology. This program will focus on the following three components: 1. Demonstrate successful business models by scaling up existing Mobile Financial Service Providers with a high probability of eventual success; 2. Support early stage interventions in a small number of challenging markets to encourage the development of MFS; 3. Contribute to the global knowledge base for MFS through a robust learning agenda that includes monitoring, evaluation and knowledge dissemination activities. This knowledge and learning component will capture best practices and lessons learned during the program's implementation. The practice notes and reports will be shared with industry practitioners and made publicly available.

Development Results