Updated Jul 31, 2019

LISTA by Fundación Capital

A scalable digital solution, proven to build the financial capabilities of low-income people, particularly women and people living in rural areas


Fundacion Capital

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Stage 5: Scaling

Focus Areas:

Economic Empowerment, Digital Inclusion & Connectivity, Social Development and 7 MoreSEE ALL

Economic Empowerment, Digital Inclusion & Connectivity, Social Development, Economic Growth and Trade, Education, Digital Finance, Digital Development, Human Centered Design, Resilience and Social and Behavior ChangeSEE LESS

Implemented In:

Colombia, Brazil, Dominican Republic and 7 MoreSEE ALL

Colombia, Brazil, Dominican Republic, Honduras, Mexico, Tanzania, Peru, Haiti, India and MozambiqueSEE LESS

Lives Impacted to Date
Countries Implemented In
Verified Funding


Today, 1.7 billion adults worldwide lack access to a bank account and cannot save money or safely borrow funds to invest in their businesses. Access to affordable and appropriate financial services can help families decrease their vulnerability, but because of barriers associated with financial capability and consumer protection, few people are using these resources.



Fundación Capital (FC) partners with governments and banks to address this challenge at scale, developing LISTA: a scalable digital solution proven to increase the financial health of people living in poverty and vulnerability. This self-learning tablet-based app is circulated by trusted community leaders in impoverished rural areas, and has to date improved the financial lives of more than 500,000 low-income people (mostly women) across seven countries.

Target Beneficiaries

The primary clients are low-income women living in rural areas, the majority of whom are recipients of social welfare cash transfers. By embedding LISTA into social protection scaffolding, FC is able to target the most vulnerable people and reach them at scale using trusted community networks and institutional channels. Youth and male partners also use LISTA, as it can be accessed from their homes, which facilitates household dialogues on finance and equal participation in decision-making.

Mission and Vision

To increase the financial well-being of millions, particularly excluded groups like women, through enhanced financial capabilities and increased economic participation. FC's vision is a world without poverty and exclusion, and to achieve this, it works to advance the notion of "economic citizenship" globally, and at scale. The organization works across 18 countries, primarily in partnership with national governments and financial institutions.

Innovation Description

LISTA is a scalable digital solution (a mobile app) proven to build financial capabilities for those living in poverty and vulnerability. Reaching half a million users across seven countries by the end of 2018, and with adaptations in three more, LISTA has been proven to enable and empower low-income citizens to manage their scarce resources, increase their savings, and ultimately build assets that smooth consumption, decrease vulnerability and improve well being. Research shows that in the long-term, LISTA improves financial health and savings performance, and this innovation was featured by USAID during their inaugural Million Lives Club in 2017.

Competitive Advantage

Evidence and performance management: In partnership with IPA, researchers completed a randomized control trial (RCT) of LISTA in Colombia and found significant and positive results related to financial knowledge, attitudes and practices. FC implemented recommended improvements based on the RCT findings, and it demonstrated strength in its internal M&E capabilities and rigor. Past performance and readiness for implementation: In 2016, FC completed the scale-up of LISTA to 160,000 users in Colombia and received accolades from past funders on its program execution and reporting. Through the USAID-Skoll Innovation Investment Alliance, it continued growing, to reach half a million users by the end of 2018. FC has more than a dozen government partnerships in place and is experimenting or setting the stage for expanding reach across three additional countries. As an organization, FC has increased the economic prospects of more than 6 million people across 18 countries.
New Implemented CountriesHaiti, Mozambique, India


Dec 2019
New Country Implemented In
Haiti, Mozambique and India
Jun 2019
In the News
TITLERigorous Impact Evaluation Results Published
Mar 2019
Recognition ReceivedPENDING
Jul 2013
New Country Implemented In
Aug 2012
New Country Implemented In
Jan 2012