UNCDF has been present in Rwanda since 1981, promoting community empowerment through infrastructure development and service delivery.
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 works with variety of financial institutions developing, piloting and scaling deposit services for low income, rural populations, particularly women. MicroLead focuses on financial inclusion through savings mobilization and supports establishment of Equity Bank subsidiary in Rwanda and is currently supporting the consolidation of Umurenge SACCOS through the World Council of Credit Unions (WOCCU).
From 2010 to 2015, UNCDF piloted YouthStart in partnership with Mastercard Foundation with the objective to increase access to integrated financial services for youth aged 12-24. YouthStart has provided technical and financial assistance to 10 financial institutions in 8 Sub-Saharan countries. By the end of the Programme (2015), YouthStart tripled its targets reaching more than 635,000 youth with financial and non-financial services.