Caritas Africa has signed partnership agreements with Caritas Italiana and La Banca Popolare Etica d'Italia for the project entitled; Support for the promotion of ethical finance through capacity building of microfinance institutions (MFIs) serving community organizations and civil society in Sub-Saharan Africa.
Caritas Africa is one of the 7 Regions of the Caritas Internationalis Confederation, which is made up of 46 Member Organizations in Sub-Saharan Africa. Its aim is to assist the Church in Africa to carry out its socio-pastoral ministry by promoting charity and justice in assisting the poor and most excluded, responding to humanitarian emergencies, and promoting integral human development that includes building resilience at the community level and advocating for peace and respect for human rights in accordance with the Holy Scriptures and the teachings of the Catholic Church.
Caritas Africa has adopted support for the promotion of ethical finance through capacity building of microfinance institutions (MFIs) serving community organizations and civil society in sub-Saharan Africa, with the support of the Italian Episcopal Conference, Caritas Italiana and Banca Popolare Etica.
In the framework of the implementation of the above-mentioned project, Caritas Africa has signed an agreement with its partners, namely the National Caritas Organizations and Microfinance Institutions (local Church organizations and those working with stakeholders) in the countries targeted by the project.
Specifically, this project aims to support Microfinance Actors/Microfinance Institutions - MFIs (organizations of and working with local Churches) to attract more resources to strengthen their capacity to respond, in an effective and professional manner, to the sustainable development priorities of their grassroots stakeholders (beneficiaries) in terms of implementing their activities, training employees to provide quality services, communicating to donors on social impact.
The National Caritas affirm that this partnership is of great importance as this project will promote integrated microfinance and development activities in the African region by adopting an inclusive approach that addresses all factors that reduce vulnerability to poverty, improve quality of life and contribute to the achievement of the Sustainable Development Goals.
Albert Mashika, Regional Coordinator of Caritas Africa, thanked the partners very much and promised that there will always be good collaboration as the beneficiaries of Caritas count on this project.
Gabriele Giulietti, one of the founders of Banca Popolare Etica, said that the only way for people to cope during crises like COVID-19 is to work together. He said that Banca Etica has a good collaboration with Caritas Italiana and that it is very sure to have a good collaboration with Caritas Africa and its members.
The project implementation period for the purposes of this agreement is January 2022 to December 2022