Commitment to Action

Banking on Change Phase 2 - Scaling Financial Inclusion

Commitment by

Barclays plc

In 2013, Barclays, along with Plan UK and CARE International UK, committed to Phase II of Banking on Change; delivering this savings-led microfinance program across Egypt, Ghana, India, Kenya, Tanzania, Uganda, and Zambia. The second phase, covered by this commitment, builds on Phase I, with a clear focus on: supporting the financial inclusion of young people; equipping communities with the skills to develop sustainable income generating activities; and scaling up the formal linkage of informal savings groups to bank accounts. Barclays committed to reaching over 330,000 people, of whom 75% will be under 35 years old; establishing 10,000 youth savings groups; supporting 41,000 micro-enterprises; and expanding its shared value approach to financial inclusion by linking around 5,000 informal groups to the formal banking sector. It aims to consolidate the business case for linkage for other institutions to scale up and replicate through a Banking on Change Charter setting out a core set of linkage principles.

Learn More
Visit the Barclays website to learn more about the Banking on Change program.

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Overview
Summary

Commitment

Banking on Change Phase 2 - Scaling Financial Inclusion

Launched

2013

Est. Duration

2 Years

Estimated Total Value

$15,580,000

Region

Middle East & North Africa, Africa, Asia

Countries

EGYPT, GHANA, INDIA, KENYA, Tanzania, UGANDA, ZAMBIA

Commitment by

Barclays plc

Partner(s) of the Commitment Maker(s)

Plan International, Care International