Facilitating Financial Services
Commonwealth Micro Finance has a mission to provide an increasing number of Commonwealth citizens with accss to a growing range of financial products and services. In each country, the mix will vary and reflect the immediate needs of the local people. However at the heart of this strategy is the new CBC ZippCard international remittance system, which saves people the time, the risk and a substantial part (up to 85%) of the cost of international remittances.
Micro-Savings
In most developing countries there is a need to uprade the range and competitiveness of the savings products being offered. CMF is looking to partner with local and international banks along with other financial organisations to offer new customers the better value that comes from the choice and variety that historically has not been available locally.
Micro-Finance
The infrastructure and technology being put in place by CMF opens the way for many more financial organisations to share the cost of reaching a dramatically larger customer base.
By opening the door to the "unbanked" market, CMF believes it will contribute to the growth and solidity of these important and developing economies.
The Remittance Market
Without doubt one of the most important economic ad cultural components of a developing country is its international trading activities. Within which, the money sent home by migrants is of critical importance. The traditional intermediaries in this market take as much as 20% in fees and commission. The CMF ZippCard remittance programme cuts this to about 5%. Find out more
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CMF has access to the most competitive exchange rates and make those rates available to you through your ZippCard. Compare and see how much you can save against traditional money transfer agents. |