UNCDF has been present in Madagascar since 1993, promoting increased access to sustainable microfinance services.
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 the Inclusive Digital Economies practice, UNCDF is looking to support the increased uptake of digital financial services in the country. By leveraging our market development approach, based on market analysis, our goal is to increase digital financial services usage from 12% to over 20% by 2024.
Additionally, through the Making Access Possible (MAP) programme , UNCDF in Madagascar produced diagnostics of financial inclusion disaggregated by gender, geography, income and other demographics, and encourages private investment into expanding rates and outreach of financial inclusion. Specifically, UNCDF through MAP has conducted market scoping for insurance products and off-grid energy clean energy access.