About the Renewable Energy Challenge Fund (RECF) Uganda
The goal of RECF is to increase access to renewable, efficient energy for domestic, productive and social uses among underserved poor households, especially in rural areas.
By end of 2020, RECF aims to support 150,000 low-income customers transition to renewable energy.
The RECF is managed by the United Nations Capital Development Fund (UNCDF) and funded by the Embassy of Sweden in Uganda.
This report was commissioned by the United Nations Capital Development Fund (UNCDF) YouthStart Global program and was drafted by Katrina Kwan and by Ata Cisse. The field research was possible due to the multiple tools and templates that Dalberg Global Development Advisors developed for UNCDF under the Inception Phase of YouthStart Global. The report relies on the inputs of a broad range of stakeholders in the youth economic opportunities ecosystem in Uganda who shared their views and suggestions for the preparation of this report.
Eighty-three thousand customers within the first 48 hours, 650,000 after one month, over 1,000,000 in three months: MoKash is off to a great start in Uganda.
MoKash has taken off strongly, being favourably compared to its counterparts M-Shwari in Kenya (645,000 customers in the 21 days after launch) and M-Pawa in the United Republic of Tanzania (250,000 customers in the first month).
On Day 3 of the #DFS4Women event, important insights started emerging about how to leverage the digitization of high volume payments to build a digital ecosystem in which people feel at ease using mobile money and second generation financial products. Significant emphasis was placed on behavioural changes and on what drives individuals to reassess their saving and spending practices and adopt new ones.
As agents represent the first and most tangible touch point for most digital financial service (DFS) customers, there is little doubt that having an effective agent network is key to the success of any DFS provider’s operations. Research published by The Helix Institute of Digital Finance in 2015 suggests that agent networks are also probably the most operationally burdensome and costly element
Day 2 of the #DFS4Women event saw participants go out into local communities to meet the real digital financial service (DFS) experts: mobile money customers and agents. Using a mobile-based Android app developed by Optimetriks, a provider of technological solutions to collect, process and visualize data, participants set out on a casual survey of DFS customers and agents.
Globally, there are 1.1 billion economically active but low-income women. What this means for digital financial service (DFS) providers is that there is a huge potential market of women DFS customers that remains largely untapped. When it comes to DFS, it turns out that what is good for women is good for everyone.