UNCDF has been present in Malawi since 1982, working to expand access to financial services for low-income and rural populations.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
Through Financial Inclusion Practice, UNCDF is implementing MicroLead, a global initiative that is working with variety of financial institutions to develop, pilot and scale deposit services for low income, rural populations, particularly women. Additionally, UNCDF’s establishment of YouthStart, a global initiative aimed at increasing access to financial services for low-income youth, with an emphasis on savings and financial education. UNCDF is also implementing Making Access Possible (MAP) programme, which produces diagnostics of financial inclusion disaggregated by gender, geography, income and other demographics, and encouraging private investment into expanding rates and outreach of financial inclusion. Malawi is also one of the eight countries where UNCDF implements its Mobile Money for the Poor (MM4P) programme, supporting and cooperating with banks, mobile network operators and regulators to help them reach millions of additional unbanked customers.