Washington, DC, 22 October 2014 – The Consultative Group to Assist the Poor (CGAP) announced today it had awarded more than $600,000 to support five projects aimed at better understanding and serving the financial needs of poor customers. The projects will yield insights into the preferences and behaviors of un-banked and under-banked customers and how financial service providers can meet their needs.

The CGAP Customers at the Center Financial Inclusion Research Fund, in partnership with The MasterCard Foundation, awarded funds to five organizations: Freedom from Hunger, ideas42, IFMR Finance Foundation, Innovations for Poverty Action and MicroInsurance Centre to implement their proposed projects.

Read the full news article on the CGAP website.