Scaling Pearls of Wisdom
One component of the Scaling Pathways series is Scaling Snapshots, which are glimpses into one organization’s scaling journey, including the strategies pursued, implications of those strategies and “Pearls of Scaling…
Fundación Capital works to improve the economic and financial lives of people living in social vulnerability around the world, partnering with governments and the private sector to design and deliver solutions that increase economic prospects for millions.
Eliminate extreme poverty by providing knowledge and tools that enable people living in poverty to save, build assets, and manage risk, through a needs-based approach that fosters multi-stakeholder (public and private) partnerships for inclusive development.
Through alliances with governments and the private sector, we develop solutions based on digital technologies that allow users to train in their own time and space, make better use of their economic opportunities, generate sustainable livelihoods, improve their financial practices, and make more informed decisions.
Founder, President & CEO, Fundación Capital
Yves Moury is the Founder, President and CEO of Fundación Capital, an international social enterprise working to advance economic citizenship globally, and at scale. By aligning public policy, market mechanisms, and advances in digital technology, Fundación Capital helps low-income families decide for themselves how to manage, grow and invest their resources, and has to date improved the financial lives of six million people, primarily women and youth living in poverty, across 18 countries.
Mr. Moury has received global recognition for Fundación Capital's impact, including the Skoll Foundation Award for Social Entrepreneurship (2014), the Schwab Foundation's Social Entrepreneur of the Year Award (2017), and the Ashoka Senior Fellowship (2017). He is also a member of the Leadership Council of the Microcredit Summit, and a member of the Interim Executive Committee of the Partnership for Economic Inclusion housed at the World Bank. In addition to leading Fundación Capital, he is also the CEO of KGroup, a holding company taking shares in disruptive social enterprises.
Mr. Moury is trained as an Economist and Management Engineer from the Louvain School of Management in Belgium, and has worked as a consultant, entrepreneur and social entrepreneur in Europe, Africa, Asia, and more extensively in Latin America and the Caribbean. In his work, he applies a wealth of expertise in finance, banking, development economics, anthropology and sociology, and prior to founding Fundación Capital, he served as the Director of a regulated rural bank in Peru that serves low-income clients and ran a consultancy advising banks and MFIs. His earnings from the private sector enabled him to personally fund the start-up of Fundación Capital, before Ford Foundation funding was secured. He has put his business skills to social use, working on market-led services for the poor, socially oriented investment funds and venture capital initiatives for social businesses and small business banks.
As of 2019, Fundación Capital has improved the financial lives of more than 6 million people, primarily women and youth, living in poverty across 18 countries. A recent study by Innovations for Poverty Action found that Fundación Capital’s flagship product LISTA had significant impacts on financial knowledge, attitudes toward formal financial services, adoption of financial practices, and financial outcomes, especially for women. Fundación Capital has a strong focus on government partnership to ensure large scale, systemic and sustainable change. To date, they have digitized and embedded their evidence-based graduation approach to help move families out of extreme poverty in Brazil, Colombia, Honduras, Mexico, and Paraguay, and are currently beginning this process in Tanzania and Mozambique. Several international experts and institutions, such as the World Bank, Inter-American Development Bank, and the Center for Financial Inclusion, reference Fundación Capital’s work as best practice for programs aimed at improving financial capabilities and inclusion.