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Financial Sector Deepening Uganda (FSDU) is an independent not-for-profit company committed to promoting greater access to financial services in Uganda. FSD Uganda seeks to develop a more inclusive financial sector with a focus on low-income individuals (particularly women) and Micro, Small and Medium Enterprises (MSMEs). We support innovation, conduct research, help promote and improve policy, laws and regulation that shape the financial sector in Uganda.

FSD Uganda works with both public and private sector players to develop sustainable improvements in the livelihoods of low-income individuals through reduced vulnerability to shocks, increased incomes and employment creation.

FSD Uganda is currently funded by the Department for International Development (DFID)/UKaid  and the Bill and Melinda Gates Foundation and is part of a network of nine financial sector deepening organisations working across Sub-Sahara Africa.)

Our Objective is a deeper, broader and more inclusive financial sector in Uganda.

As a market facilitator, FSD Uganda partners with various stakeholders in financial inclusion to influence and support changes in the market systems for financial inclusion of the active poor. To do our work, we rely heavily on research to understand the market and encourage the use of data for decision making. We mainly focus on the financial sector services aided by technology because this intersection is the centre of an ecosystem that helps us all to decrease poverty.

Target Beneficiaries

FSD Uganda working through various partners in the sector, focuses its programming specifically, on impacting the poor including but not limited to:
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Women

As one of the most vulnerable groups in Uganda, poor women face higher rates of formal financial exclusion than men. According to Finscope Uganda 2018 report, 46% of women are financially excluded. FSD Uganda seeks to understand and document the unique barriers of women’s financial inclusion to develop relevant and gender resposnsive interventions, as well as understand what can and cannot be done to address factors like culture.

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Youth

Over 50% of Uganda’s population are youth (UBOS, 2014). Including the youth in formal financial markets is critical to providing them with opportunities to be educated and to earn an income.

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Refugees

As one of the most vulnerable groups in Uganda, poor women face higher rates of formal financial exclusion than men. According to Finscope Uganda 2018 report, 46% of women are financially excluded. FSD Uganda seeks to understand and document the unique barriers of women’s financial inclusion to develop relevant and gender resposnsive interventions, as well as understand what can and cannot be done to address factors like culture.

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Micro, Small and Medium Enterprises (MSMEs)

MSMEs are a crucial source of income and employment for the poor in Uganda. The Uganda Investment Authority (UIA) puts the number of people employed in the MSME sector at over 2.5 million where they account for approximately 90% of the entire private sector, generating over 80% of manufactured output that contributes 20% of the gross domestic product (UIA 2016). Financial markets must support MSMEs to grow and support more people.

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Smallholder Farmers

According to the Uganda Bureau of Statistics census report (UBOS, 2014), Uganda’s economy is hinged on agriculture with over 60% of the population engaged in subsistence farming. Access to formal financial markets is critical for smallholder farmers to improve their productivity and insure themselves against the loss of their crops or livestock.

Our Partners

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