UNCDF in South Sudan

UNCDF in South Sudan

The Challenge

When the Republic of South Sudan became an independent state on 9 July 2011, the new country instantly became one of the poorest in the world. However, South Sudan is entering a dynamic phase in the development of its microfinance sector, with a range of service providers emerging and a regulatory framework that is moving in a positive direction.

How We Are Helping?

UNCDF is helping South Sudan to meet its development challenges by working to stimulate the fast-emerging microfinance sector. The urgent need to assist in developing the capacity of Financial Service Providers and Technical Service Providers and building a sound financial sector remains a driving focus for UNCDF in South Sudan.

Over the last three years, through its MicroLead programme UNCDF targets the retail level of the sector, seeking to cultivate market leaders to drive sector development. With support from the Bill & Melinda Gates Foundation, MicroLead provides loans and grants to leading microfinance institutions and financial service providers on a competitive basis.

In Detail

Project

Microlead

Goal To increase sustainable access to client-centric financial services, particularly savings services, for low-income populations.
How
  • Providing grants and loans to savings-led Financial Service Providers and Technical Service Providers.
Period 2008-2017
Partners UNCDF, Bill & Melinda Gates Foundation, The MasterCard Foundation, Governments of South Sudan, Liberia, Bhutan, Timor-Leste, Sierra Leone, Dem. Rep. of Congo, Rwanda, Ethiopia, Lao PDR, Vanuatu, Solomon Islands, Samoa.
Total project cost and UNCDF contribution USD 51,531,079
USD 7,871,850
Progress
Budget
Results (including scaling and policy impact)

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