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The Mozambican Association for the Promotion of Modern Cooperatives (AMPCM) and the German Savings Banks Foundation for International Cooperation (Sparkassenstiftung für internationale Kooperation, SBFIC) have signed a memorandum of understanding aimed at boosting financial inclusion and reducing poverty in rural Mozambique.
The purpose of the cooperation is to support AMPCM partner institutions’ financial and business literacy activities and the body’s initiative to strengthen cooperatives in Mozambique.
AMPCM aims to promote and support practices that may contribute to the development of the cooperative movement as a viable and sustainable way of promoting wealth. SBFIC has developed a number of training programmes for banks, microfinance institutions, small entrepreneurs and households.
The cooperation framework will see AMPCM team members trained by senior SBFIC coaches. The memorandum was signed by the president of AMPCM, Helena Bandeira, and the SBFIC Project Manager, Inka Rank.