In Zambia, the United Nations Development Fund supports the development of new use-cases, products or businesses models that could drive outcomes around inclusive digital economies and expansion of Digital Financial Services for segments currently left behind, such as women, youth and other vulnerable segments in the low-income groups.

For this RFA, UNCDF plans to invest up to a total of USD (US Dollars) 65,000 in the implementation either of:

1. Support the innovation, deployment or expansion of digital finance product for marginalized segment of women and youth;
2. Support the innovation/enhancement, deployment of an existing digital financial services to improve adoption and usage of digital financial services to women and youth;
3. Expand access and use of formal savings and credit in Zambia, with focus on women and youth;

UNCDF invites financial institutions registered in Zambia that have innovative digital financial products and services that encourage formal savings and credits to apply. Applicants may apply independently or in a consortium.

This will be national project, but special focus will be put on peri-urban and rural areas. Only applicants who will meet eligibility requirements for the submission as indication in section 3.1 of the RFA document will be evaluated.

All applications must be submitted by 23:59 EDT on 8 September 2021 through UNCDF’s Investment platform:

https://apply.uncdf.org/prog/zambia_inclusive_digital_financial_services_expansion_for_women

Enquiries to this request for applications may be submitted by email to isaac.holly@uncdf.org cc uncdf.rfa@uncdf.org