Mastercard Commits to Delivering Economic Empowerment Tools and Resources to More Than One Million Women in Guatemala, El Salvador and Honduras

Source: CSRWire

During the ninth Summit of the Americas held in Los Angeles, California, Mastercard reinforced its commitment to advancing financial and digital inclusion in El Salvador, Guatemala and Honduras with a new set of commitments and programs focused on advancing economic empowerment for women and girls in the region.  The commitments are part of Mastercard’s engagement, as a founding member, in the Partnership for Central America (PCA).

According to the Latin American Center for Innovation and Entrepreneurship (CELIEM) Women's Entrepreneurship Monitor of 2022, 60 percent of women business owners in Central America said they finance their business activities with their own resources due to lack of access to financing options, while the high costs to formalize their business presents yet another obstacle.