PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601707

Primary Business Area

Financial Institutions Group

Disclosure Date

Aug 30, 2017

Country

Zambia

Region

Africa

IFC Approval Date

Aug 17, 2016

Status

Completed

Estimated Total Budget

$1,000,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

Jul 15, 2016

Project Estimated End Date

Jul 31, 2018

Project Description

IFC will provide advisory services to assist Zoona to develop and roll out a new mobile wallet solution that will allow customers to store and send money. The project is part of the Partnership for Financial Inclusion, a $37.4 million joint initiative of IFC and The MasterCard Foundation to expand microfinance and advance digital financial services in sub-Saharan Africa. Part of Zoona?s unique approach is its commitment to co-developing products with the communities it serves, and this approach will be used for its new mobile wallet product.

Development Results

E&S Risks / Impacts and Mitigation