Gates Foundation: $38 million to spur microsavings with technology

Link: Gates Foundation: $38 million to spur microsavings with technology

Earlier this month, the Bill & Melinda Gates Foundation (full disclosure – the Foundation co-funds the CGAP Technology Program) announced a suite of grants to “give $38 million to help 18 micro-lenders explore ways to make savings accounts available to 11 million poor people across 12 countries in Africa, Asia and Latin America over the next five years.” Joyce Lehman is a Program Officer at the Financial Services for the Poor unit at the Bill & Melinda Gates Foundation, and she explains in this interview how the Foundation is trying to foster microsavings with technological innovation.

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