With the aim of providing digital financial inclusion, connecting bank systems with community payments and using innovative technology, The Face of the People seeks to be a new financial system that opens opportunities for all the community to benefit from the credit and not only for those who receive remittances.
Behind this project is the Mexican Association of Criteria Cooperatives of the Social Sector (AMUCSS) and its 30-year commitment to real and fair financial inclusion for the development of small communities.
AMUCSS leads a network of 140 community banks throughout Mexico, covering 34 indigenous languages, and 60 percent of the end clients of its network are women from marginalized regions, so they know the needs of Mexican communities firsthand.
The Interledger Foundation supports the project as a way to empower the financial system through its technology to work directly with historically marginalized groups, and seeks to increase access to digital financial services by advocating for the adoption of an open-source monetary network, powered by the Interledger Protocol (ILP).
The Face of the People also includes a group of activists and financial specialists oriented towards social justice, so all of the above are represented