Deutsche Bank Americas Foundation provides funding to launch the ASA Foundation

18.11.08 - 16:42 ... source : Deutsche Bank

... New York, November 17, 2008 The Deutsche Bank Americas Foundation today announced that it has provided funding to help launch the ASA Foundation, a non-profit organization that will seek to improve efficiency and growth in microfinance institutions (MFIs). Women's World Banking and the Association for Social Advancement (ASA) are also helping to support the launch. The New York-based ASA Foundation has been established to philanthropically provide technical assistance to MFIs worldwide and will work with microfinance networks and ASA to identify promising institutions exhibiting a desire to grow and become self-sustainable. The foundation will focus on countries with the most acute shortage of micro loans and savings, mainly in Sub-Sahara Africa, with plans to include underserved regions in Latin America and Asia. "Deutsche Bank Americas Foundation recognizes the importance of creating cost-e ...» Next (HTML)