MasterCard is providing an additional US$25,000 in funding to expand the business literacy program with Mercy Corps called Business and Financial Literacy for Success in rural Myanmar. The program teaches small farmers and households basic business skills and money management practices and aims to empower women entrepreneurs, support income generating opportunities and improve food security and family nutrition.
The grant will allow Mercy Corps to provide the second phase of training, which will include in-depth and targeted business advisory services, mentoring and links to financing to help 500 women entrepreneurs in the delta region start or expand their businesses. The first phase of the program was launched in March this year and it was met with great success with an average increase of 218% in participant knowledge of key business and financial concepts.
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