Calls for Applications

RfA: Inclusive Innovations for driving financial health of Low- and Moderate-Income Segments and Small Business

  • May 18, 2020

  • Calls for Applications

Summary

This RFA is for on-boarding partners that would engage with UNCDF and the Financial Innovation Lab (FinLab). UNCDF will support partners across different rounds spread over the year based on availability of funding, by supplementing their project teams with experts who have the know-how in building solutions linked to financial health.

UNCDF can provide technical assistance, mentorship support, enabler engagement, market access support ad grants/capital support on case to case basis to the selected partners. The advisory support would be provided by experts that are experienced in product, business model development, behavioral science, go-to-market strategies, etc. in some of the most challenging markets in Asia and Africa. UNCDF plans to invest half a million USD on this initiative, specific projects will be financed based on business needs and funding allocation for different markets. An average intervention may range from 50,000 to 250,000 USD

UNDF invites banks, financial intermediaries, microfinance institutions, insurance companies technology companies and other firms registered anywhere across the globe to apply and those willing to enter or already on ground in one of the above markets with a solution that is focused on driving financial health of any low and moderate income segment (includes small business).

For requests and queries please send an email to finlab@uncdf.org cc uncdf.rfa@uncdf.org with the title “Q&A Inclusive Innovations for financial health in [Country Name]”

Applications should be submitted via email to finlab@uncdf.org cc uncdf.rfa@uncdf.org with the title “Inclusive Innovations for financial health in [Country Name]”

The RFA will have the following rounds of submission:

RoundDeadline for submitting proposals
1May 30, 2020. 23:59 GMT
2August 30, 2020. 23:59 GMT
3November 30, 2020. 23:59 GMT

Three rounds of submission and selection will be applied. Submissions that have not been selected in previous rounds may be selected in subsequent rounds, depending on the quality and quantity of the overall submissions received during these 3 rounds. For example: a submission received in round 1 that is technically compliant and passes the technical evaluation may be granted support during rounds 2 or 3.

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