Home » Archive by Category "Blog" (Page 3)

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 […]

From Ideas to Field Tests in 4 Days: A Design Sprint for Refugee-Centered Financial Services

By John Won*, Consulting Associate (BFA) and Peter Kawumi, Manager Competitive Strategies (FSD Uganda) In June 2018, BFA, a global consulting firm led a four-day design sprint for financial service providers (FSPs) to develop and test solutions tailored to over 1.3 million forcibly displaced people (FDPs) in Uganda. This was the latest engagement in a […]

How sandboxes can help the rural poor borrow, contribute to growth

According to Uganda’s National Household Survey 2016-2017, eight out of every 10 Ugandans reside in rural areas, with the majority engaged in agriculture, while those living in urban areas are mostly involved in the trade and service sectors. The national poverty estimates show that rural areas have a high incidence of poverty in comparison with […]

Mapping the Financial-access Journey of the Refugee

By John Won, Consulting Associate, BFA In April 2018, BFA facilitated a series of workshops for six banks – Diamond Trust Bank, Equity Bank, FINCA, Opportunity International, Post Bank, Ugafode – and a mobile network operator – Africell, in partnership with FSD Uganda. We shared research and statistics about the over 1.3 million forcibly displaced […]

Notes from the Frontier: Could Refugee Populations Be Ripe For Financial Inclusion?

As we approached the Kiryandongo Refugee Settlement area, we were met with a calm sense of normalcy. People went about their business as usual, men and women tilling farms, children running around playing in school grounds and traders displaying their products at small designated shopping centres within the settlement. On 23rd March 2018, PostBank Uganda […]

Financial Inclusion for Refugees: Laying the Foundation for a Business Case for Financial Industry Players in Uganda

On Friday 8th December, FSD Uganda held a roundtable event in Kampala to provide a platform for stakeholders to discuss Financial Inclusion for Refugees in Uganda. Representatives from financial service providers (FSPs), development partners, donors, and non-governmental organizations (NGOs) shared their experiences in providing refugees with access to formal financial services. Stakeholders also discussed the […]

Bitcoin, Tulip Mania and the need to dwell with knowledge

Bitcoin, Tulip Mania and the need to dwell with knowledge. As I write this on the 20th of December 2017, 1 Bitcoin (BTC) is worth $ 18,969.33. Exactly one month ago, 1BTC was $ 7,773.30 1. That’s a gain in value of 144% or 5% per day. Even more astounding, it was worth about $1,000 […]

Partnering in digital payments to strengthen financial inclusion in Uganda

Over half of Uganda’s adults are forced to keep their savings at home because of a lack of access to formal financial services1. Not only is this not safe, but it slows the country’s growth as large numbers of citizens remain financially excluded from formal financial services. To combat this, Mastercard and FSD (Financial Sector […]

Why you should care about financial inclusion

Starting Monday 30th October for one week, people all over the world are going to celebrate Financial inclusion. According to Center for Financial Inclusion the focus will be on exploring how new financial products and partnerships are empowering customers. While all of this is going on, I imagine the first question anybody would ask, as […]

Financial inclusion is vital to end Uganda’s poverty

By Jacqueline Musiitwa, Executive Director, Financial Sector Deepening Uganda The poverty level in Uganda is shockingly high.  According to the Uganda Bureau of Statistics in the 2016/17 Household Survey, about 27% or 10 million people are poor. Although there are many ways to climb out of poverty, access to and usage of financial inclusion is […]