Report on Informal Financial Inclusion in Uganda
Report on Informal Financial Inclusion in Uganda
Efforts to increase formal financial inclusion in Uganda are faced with significant challenges which are both supply and demand side in nature.
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Blended Finance Catalysing Financial Inclusion in Uganda
Data sets – FinScope Uganda 2023 Survey Dataset
Unlocking Long-Term Savings: The Role of Technology and Multistakeholder Collaboration in Uganda
Leveraging Insights from Uganda’s 2023 FinScope Survey for Product Design
Analysis of status of financial inclusion for women and youth in Uganda
Analysis of status of financial inclusion for women and youth in Uganda
Money management, planning and the safe building of assets are core components of a larger set of economic and social skills needed to achieve a sustainable livelihood. In recent years, there has been a growing recognition of the obstacles women and young adults face in developing these abilities. Financial service providers (FSPs), however, are still failing to meet the needs of these sections of society. In the process, they are missing out on the potential benefits of developing the female and young adult economy.
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Report on Uptake of Insurance Services in Uganda 2018
Report on Uptake of Insurance Services in Uganda 2018
The findings of the FinScope survey conducted in 2018 show that formal insurance uptake in Uganda is at 1%. Current insurance penetration in Uganda is also estimated at 1%. The low level of formal insurance uptake is attributable to public mistrust, low public awareness and a narrow insurance product range – especially for low income earners.
Uptake of formal insurance was 6% in Kenya, 9% in Rwanda and 15% in Tanzania. This means that uptake of formal insurance in Uganda is the lowest in the region.
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FinScope Uganda 2023 Survey
Empowering Micro, Small, and Medium Enterprises: The Influence of Microfinance Group LendingRethinking Insurance uptake in Uganda: Why legacy models aren’t enough
Rethinking Insurance uptake in Uganda: Why legacy models aren’t enough
By Joel Muhumuza(FSDU) and Protazio Sande(IRA)
It’s midnight and Muzeeyi Bizibu and his wife are meant to be asleep because they have to wake up at 5am to go to work. However, Muzeeyi Bizibu’s chest is yet again bothering him. He can’t seem to breathe well and is having coughing fits. It might be pneumonia.
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Microinsurance Challenge Fund (MCF)
Microinsurance Challenge Fund (MCF)
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.
Insurance Innovation: Needs, Gaps and Opportunities
Insurance Innovation: Needs, Gaps and Opportunities
Presentation at the Innovation Forum and FSDU Insurance Challenge Fund Launch – Kampala, 10 December 2018.
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Finscope Uganda 2018: Informal Financial Inclusion Infographics
Finscope Uganda 2018: Informal Financial Inclusion Infographics
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Finscope Uganda 2018: Gender and Financial Inclusion Infographics
Finscope Uganda 2018: Gender and Financial Inclusion Infographics
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Digital Finance Can Transform Agriculture
Digital Finance Can Transform Agriculture
By Former Communications Officer
Advances in Technology could be the solution to smallholder farmers’ access to financial services in Uganda. Take Enid Nimusiima, 42 years old, a member of Mushanga Savings and Credit Cooperative Societies (SACCOs) in Sheema District, in Uganda.
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Digital Payments and Identity: Laying the Rails for an Inclusive Economy
Digital Payments and Identity: Laying the Rails for an Inclusive Economy
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Leveraging (Alternative) Data To Deliver Efficiencies In Credit Extension
Leveraging (Alternative) Data To Deliver Efficiencies In Credit Extension
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Enhancing financial inclusion beyond alternative credit scoring: Empowering underserved markets
FinTech in Uganda: Implications For Regulation
FinTech in Uganda: Implications For Regulation
FinTech holds great potential for both financial inclusion and economic development in a wider sense. Digital financial solutions have been expanding access and reach to consumers, especially the unbanked and under-banked. They have been significantly lowering the costs of providing financial services, making it possible to serve the base of the pyramid in a more profitable way. Fintechs have also enabled new business models that offer expanded services to customers and continue to generate new revenue streams for financial service providers.
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Solar Energy Lighting Up The Way To Financial Inclusion
Solar Energy Lighting Up The Way To Financial Inclusion
By Peter Kawumi (Former Manager Competitive Strategies)
Increased access to solar energy by rural households and small businesses will drive demand for formal credit in the developing world.
Off-grid solar energy solutions are taking off. For the over 1 billion people living without electricity, the ability to use technology to access cleaner energy over time can be life-transforming. In sub-Saharan Africa, most people lack access to electricity. This limits their opportunities to education, business growth and presents significant health risks. Grid electricity remains an expensive resource for many – especially the rural poor.
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Digital Payments: Unlocking the Formal Economy for Small Businesses
Digital Payments: Unlocking the Formal Economy for Small Businesses
By Joel Muhumuza (Former Manager, Financial Services)
Like many developing countries, Uganda is a cash economy. This is particularly true for the transportation sector. Boda-Boda’s or motorcycle taxis dominate private transportation in Uganda, particularly in major towns like the capital city – Kampala. Until recently, boda-boda drivers in Uganda’s cities and towns acquired customers by standing alongside busy roads close to where people might need transport. With the increased penetration of smartphones and the emergence of companies like SafeBoda, an app based ride hailing company for motorcycle taxis – the dynamics of demand and supply have changed, with drivers now able to accept passenger requests from anywhere within a certain catchment area. Thus matching demand and supply more accurately.
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VSLAs: The Unsung Heroes of Financial Inclusion
VSLAs: The Unsung Heroes of Financial Inclusion
VSLAs are considered informal channels of financial services and yet according to 2018 FinScope survey findings most adults save with and borrow from VSLAs. Four out of every 10 adults save with and five out of every 10 adults borrow from VSLAs.
FinScope 2018: The case for a deeper and more inclusive financial sector in Uganda
FinScope 2018: The case for a deeper and more inclusive financial sector in Uganda
The FinScope Survey is often conducted to respond to a lack of information regarding the need for financial services. The study is designed to determine how individuals 16 years or older (i.e. adults) manage their money and the extent to which they use financial services to do so. The study also enhances monitoring changes in levels of financial inclusion over time. The 2018 FinScope survey was conducted in 316 Enumeration Areas, and 3002 adults responded. The weighted FinScope data represents an adult population of 18.6 million Ugandans.