The transformation of Sinapi Aba Trust into a deposit-taking financial institution was a pivotal moment in its history. Due to the financial institution’s extensive footprint across Ghana– reaching all ten regions and over 130,000 clients– the process required substantial changes to the organization’s business model and culture. This transition is the focus of the MicroLead project established in partnership between UNCDF, Sinapi Aba, and Opportunity International, and provides a myriad of lessons to draw upon.
Banque Pour Le Commerce Exterieur Lao Public (BCEL) is extending its services through a new product “BCOME” which will help provide poor rural families with greater access to appropriate financial services such as transferring their money.
UNCDF is proud to announce its sponsorship of the SG2015 Savings Groups Conference that will take place from 10-12 November 2015. Built on a foundation of commitment savings, Savings Groups (SGs) provide basic financial services, social support, and a platform for learning and testing new ideas to poor people worldwide. With nearly ten million people—mostly women and young people—participating in some form of savings group, it is a highly effective, scalable, and sustainable instrument for engaging the ‘unbanked’ poor.
In the United Republic of Tanzania, UNCDF’s MicroLead programme funds CARE Tanzania and the Mwanga Community Bank (MCB). This project is one of many linkage projects MicroLead supports in Sub-Saharan Africa between savings groups (SGs) such as the ones created by CARE, and financial service providers such as MCB. The project, targeted on the Kilimanjaro Region, aims at offering formal financial products and services designed for SGs. Its objective are:
The United Nations Capital Development Fund (UNCDF) and the Prime Minister’s Office- Regional Administration and Local Governments (PMO-RALG), hosted a two day Local Development Finance workshop designed for Directors of Local Government Authorities (LGAs) in Tanzania. In addition, representatives from the government and select LGAs in Uganda, Senegal, and Benin also participated bringing the total number of participants to 110 people. The objective of the workshop is to demonstrate successful models used in Tanzania and Uganda by local governments to develop and finance c
Four years ago, UNCDF via its programme MicroLead embarked with three Ethiopian partners and two external TSP (one from India and one from France) on a journey to mobilize savings with technology in rural Ethiopia. As the project reached its closure, MicroLead organized an event on 3 June 2015 in Addis Ababa to share the achievements and the lessons learnt.
On June 8, UNCDF launched its Illustrated Annual Report "Paving the Way for Post-2015: Unlocking Public and Private Finance Solutions”.
Last Thursday, 4th June 2015, the UN Capital Development Fund (UNCDF) organized a debate on ‘Unlocking public and private financing for sustainable growth’, with the European Investment Bank (EIB) and the Swiss Agency for Development and Cooperation (S
Along with the FAO, UNCDF participated in the 10th OECD Rural Development Conference where it presented its approach to local food security systems. This approach is aligned with other innovative initiatives which aim to promote a territorial angle to food security related issues.
“We took everything in our stock - panels, batteries, lights - but very soon we realized this was just a drop in a bucket. We needed to form a coalition with others,” says Gham Power’s Chief Executive Officer Sandeep Giri describing the immediate relief efforts he and his staff put together when the earthquake shook Nepal on 25 April, 2015. Gham Power is a solar company based in Nepal that builds rural micro-grids and solar systems.