International Development Grant
Partnering for Microfinance Development and Impact Program 2010-2015
Project Number: CA-3-S065028001
Status: Closed
Country/Region:
Maximum Contribution: $2,750,000.00
Start Date: April 01, 2010
End Date: July 31, 2015
Duration: 5.3 years
Project Description
World Relief Canada's (WRC) Partnering for Microfinance Development and Impact Program focuses on microfinance a sub-sector of private sector development. By providing microfinance services to the poor predominantly women the program aims to improve the livelihoods for them and their families and to strengthen the capacity of microfinance institutions to provide sustainable financial services in rural areas and urban slums. The main objectives of the Program are: (1) developing three sustainable microfinance institutions that provide access to micro-lending services to the poor in Bangladesh Burundi and Liberia; and (2) expanding new savings-led microfinance efforts through two local non-governmental organizations in Burundi and Kenya.
Progress & Results Achieved
Results achieved by the end of the project on July 2015 include: (1) microfinance services were provided to 85 045 active clients (81% women) through three microfinance institutions that have attained nearly full self-sufficiency; (2) two Savings Group programs comprised of 2 272 self-managed groups (54 839 members) have achieved a member attendance of 92.1% and a retention of 99.4%; And (3) women’s status has been raised by establishing their own businesses by being financially more independent and by achieving greater respect and recognition amongst their families and communities. These results have contributed to increased access to loans improvement to household well-being and increased organizational capacities to administer Savings Group programs.
Key Information
Executing Agency:
World Relief Canada
Reporting Organization:
Global Affairs Canada
Program:
YFMInternaAssistPartnershp&Programing Br
Last Modified:
September 19, 2025
Development Classifications
DAC Sector:
Aid Type: Project-type interventions
Collaboration: Bilateral
Finance Type: Aid grant excluding debt reorganisation
Selection Mechanism:
Pre-APP