Orphaned and uneducated, Felicia Nimo had to struggle to make her way in life. Adopted along with her siblings by her aunt, she took her place at her aunt’s petty trading business. There, she learned the business, working there until she married.
Felicia opened a “chop bar,” and life was rosy until her husband fell seriously ill and was unable to work. The burden of supporting the family fell upon Felicia. Stretched between family and business obligations, her business suffered, and customers went elsewhere.
Representatives from UNCDF's local development finance team attended the Greater Mekong Subregion (GMS) 21st Ministerial Conference in Chiang Rai, Thailand.
The event is an annual meeting of GMS ministers. The meeting provides policy direction for programme and oversees progress in identifying and implementing "results-oriented" subregional cooperation initiatives.
UNCDF’s MicroLead program team is proud to introduce its series of practical toolkits titled, "How to Succeed in Your Digital Journey: a Series of Toolkits for Financial Service Providers”. The toolkits (available both in French and English) are designed for financial service providers (FSPs) who want to go digital.
Bank of Sierra Leone launched the Digital Financial Services (DFS) Working Group, one of the six working groups under the National Strategy for Financial Inclusion 2017 – 2020 that will deliver on the digital delivery of financial services. Chairing the maiden meeting of the DFS Working Group, Governor Dr Marah challenged the industry to use this platform to unlock the tremendous opportunity that DFS can bring to Sierra Leoneans who cannot access financial services and/or need capital for their businesses.
Kagadi United Boda Boda Riders Association (Kagadi United) in Kampala, Uganda includes 22 members comprised mainly of boda boda (motorcycle) drivers. The group was created when it joined UGAFODE two years ago. For many members, UGAFODE is the first bank with which they have ever interacted. Kagadi United has been dedicated to saving as a group, meeting weekly and transferring their savings to their joint account at UGAFODE. After a year of saving in their GroupSave account, the group takes the money, divides it between all the members, and begins its next cycle.
Approximately 200,000 of the most vulnerable households in Bangladesh can expect to be better prepared and have reduced risks of damages caused by disasters and climate change, thanks to the partnership of Sweden, European Union, the United Nations and Government of the People's Republic of Bangladesh. A project titled Local Government Initiative on Climate Change (LoGIC), which will be implemented in the next four years in seven most climate vulnerable districts, has been launched today in the Economic Relations Division (ERD) premises.
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).
The digital financial service market in Zambia is diverse and competitive, but it faces some hurdles that must be overcome for the market to reach its full potential. As agency banking takes shape, financial service providers (FSPs) have displayed an openness to testing a number of different models. However, one of the major challenges is that providers have struggled to effectively leverage financial service data collection for effective decision-making.
The dust has settled on last month’s Habitat III conference on urbanization, Quito hotels have returned to their regular November occupancy rates, and attention has switched across the Atlantic to the COP 22 climate conference currently taking place in Morocco.
When it comes to mobile banking and DFS, agents are at the frontline, representing the financial service provider (FSP) to its clients. The agent’s job comes with a degree of independence by design. So how can FSPs monitor clients to ensure they’re receiving consistent and quality service?