Bankers without Borders, a nonprofit that recruits finance executives to volunteer their time and expertise at microfinance projects in developing countries, has secured a $3m grant from JPMorgan Chase to expand the programme.

Run by the Grameen Foundation, Bankers without Borders will use the proceeds to help support microfinance lenders in more than 30 countries. According to Shannon Maynard, the organization’s director, the grant will about triple the its annual budget.

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“Bankers without Borders’ volunteers are helping to give poor people greater access to financial services and information technology by helping microfinance organisations and technology-for-development initiatives improve their operations, develop new products, and reach more clients,” Alex Counts, chief executive of the Grameen Foundation, said in a statement.

Volunteers have analysed foreign currency risks for a microfinance lender in Indonesia, helped pilot a point-of-sale device in Ghana that enables microfinance customers to repay loans and make deposits remotely, and evaluated potential investments for Grameen.