What does financial inclusion look like in Ghana?

FIBR, or Financial Inclusion on Business Runways is a new project of BFA in partnership with The MasterCard Foundation. FIBR rethinks financial inclusion by working with a broader set of partners, such as fintech companies and small businesses in addition to traditional banks and microfinance institutions (MFIs), to provide data-driven ways to bring financial services to unbanked and underserved populations.

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Visentia sells baby products and has recently started offering mobile money transfers.

We are pleased to announce that we are one of the first three partners of FIBR to launch a project in Ghana. Together with FIBR, we will use data on merchants to generate a credit scoring algorithm that would top up the float whenever the merchants require additional working capital. Right now, these small merchants have a difficult time accessing credit for their business needs. FIBR could help change this by partnering merchants with Nomanini.

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