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.
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 funded by Department for International Development (DFID) UKaid, The Bill and Melinda Gates Foundation,and is part of a network of nine financial inclusion organizations working in the sub-Saharan region of Africa.
About the Microinsurance Challenge Fund (MCF)
The Microinsurance Challenge Fund (MCF) is FSDU’s new innovation facility aimed at increasing the availability and usage of appropriate insurance solutions by people in Uganda in the underserved and unserved market segments. The MCF is a response to a market failure arising from a mismatch between demand and supply of inclusive insurance services which largely accounts for the low insurance penetration in Uganda. Uganda’s National Financial Inclusion Strategy (NFIS 2017-2022), recognizes the weak insurance uptake among Ugandan’s and objective 4 of this national strategy aims to increase the uptake of insurance among Ugandans. The MCF aims to contribute to national initiatives aimed at improving insurance uptake.
How to Apply
A detailed RFP & application form is available for download from the section below. Applications are to be sent to email@example.com with the subject “Application for the Microinsurance Challenge Fund (MCF)”.
Any queries or questions about the process can be made by an email request with the title “Inquiry on Microinsurance Challenge Fund“ to firstname.lastname@example.org. The deadline for applications will be Midnight on February 5th, 2019.