Digital Finance for Quality Jobs

In Uganda, the population growth rate, especially among youth who are increasingly better educated and exposed, is not reflected in a similar growth in livelihood opportunities and options. Our interventions in the Digital Finance for Quality Jobs portfolio target sectors with a high multiplier effect, including agriculture. We leverage financial products and services to increase productivity and create value addition opportunities, to improve the livelihoods of productive adults. Better incomes and improved quality of jobs will reduce the impact of financial shocks on individuals, households, and communities and lift them out of poverty cycles.

Project for increasing financial inclusion in West Nile (Financial Inclusion for Refugees)

Focus Groups: Refugees

Tools of Impact: Catalytic Grant, Technical Assistance

Achievements: 8,703 saving group members have received productive credit to date, 74% who are women. 308 savings groups have received loans thorugh this intervention.

Synopsis: Implementing partner VisionFund Uganda piloted a unique wholesale credit model for savings groups in West Nile region.

Digitising of the dairy value chain

Focus Groups: Smallholder Farmers

Tools of Impact: Catalytic Grant

Achievements: Currently, 1,170 smallholder farmers and 10 cooperarives have been given access to credit.

Partners: Emata

Synopsis: Digitize dairy cooperatives and providing them with a system that will allow them to lend based off these records.

The savings mobilisation and innovative lending efforts (SMILE) project in West Nile

Focus Groups: Refugees

Tools of Impact: Catalytic Grant, Technical Assistance

Achievements: 385 youth in refugee settlements have got acces to productive credit through this intervention, 71% who are female. 17 savings groups in the project area have opened up accounts with upstream partner Centenary Bank, and 16 groups have been digitised and are receiving credit.

Synopsis: Providing refugees with both credit and savings products by tapping into exiting norms (VSLAs) and digitising them.

Msente bulk payments and collections - pilot

Focus Groups: Smallholder Farmers

Tools of Impact: Catalytic Grant, Technical Assistance

Achievements: 5,378 smallholders reached during the pilot.

Synopsis: Digitising bulk payments to small rural coffee farmers.

Digitalised Financial Services for the Youth

Focus Groups: Youth

Tools of Impact: Catalytic Grant, Technical Assistance

Achievements: 5,408 rural youth reached with DFS via their savings gorups.

Synopsis: Mobilise and digitise Youth VSLAs in Kibaale District

Gross Bulk Payee Verification

Focus Groups: All

Tools of Impact: Catalytic Grant, Technical Assistance

Achievements: 98,509 individuals reached.

Partners: Yo! Uganda

Synopsis: An automatic verification mechanism for bulk payees allowing bulk payers to automatically verify payee names against their mobile phone numbers in bulk before payments are made

Unlocking the Potential of Savings Groups: Linking community - based savings groups to formal financial services in West Nile, Uganda

Focus Groups: All

Tools of Impact: Catalytic Grant, Technical Assistance

Achievements: 8,050 savings group members reached.

Synopsis: Linking community-based savings groups to formal financial institutions using digital platforms

Alternative Credit Scoring portfolio

Focus Groups: All

Tools of Impact: Catalytic Grant, Technical Assistance

Synopsis: Alternative Credit Scoring to mitigate the challenge of information assymetry and open access to credit.

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