Since 2001, the Clinton Foundation has worked to improve lives around the world and build upon President Clinton’s legacy of public service.
Financial Switch for Africa's Poor
In 2006, Sevak Solutions, in partnership with Celltransact, commited to promote inclusive systems for the delivery of financial services to the world's 1.7 billion urban and rural poor. This will be accomplished by leading the industry toward successful solutions that combine business innovation, standard and effective infrastructures, cross-sector collaboration, and risk management, allowing microfinance institutions to become a part of formal payments systems.
As of August 2007, fund raising efforts were underway for the initial $2.75 million needed to begin the project. It was reported that they had secured funding of $170,000 from The Lemelson Foundation to enhance the existing open source payment system. Also, an agreement was reached with Celltransact to deliver their Falcon Software System to the microfinance and unbanked markets at a greatly reduced price.
Here are the latest updates of some of the Foundation’s programs at work: