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The programme promotes the development and delivery of financial services for refugees and other Forcibly Displaced Persons (FDP) communities in Uganda, Rwanda, and DRC. The services developed are intended to link directly into survival and livelihood strategies of these communities and help shift the paradigm from humanitarian-based to market-based solutions. It also promotes the financial inclusion amongst host communities.
Implementing Partner
Equity Bank Uganda Limited, Rural Finance Initiative, Vision Fund Uganda Limited, Equity Rwanda Limited
Donor(s)
FCDO
Value (in £)
593,411
Implementation Period
2017 - 2023
Countries Covered
Rwanda, Uganda, DRC
Project Description
The programme promotes the development and delivery of financial services for refugees and other Forcibly Displaced Persons (FDP) communities in Uganda, Rwanda, and DRC. The services developed are intended to link directly into survival and livelihood strategies of these communities and help shift the paradigm from humanitarian-based to market-based solutions. It also promotes the financial inclusion amongst host communities.
Target results
Progress
The DRC project was discontinued after the seed funding in 2019 following change of strategic focus.
The Uganda project ended in March 2022 and had achieved the following:
The Uganda project also provided useful research outputs including a baseline survey of refugee and host communities, 4 series of financial diaries and an endline survey at the end of the project. All the project partners are continuing with their services to refugees.
The Equity Bank Rwanda project has been extended to March 2023. As at December 2022, the bank had opened 54,300 accounts for refugees, with 23,780 accounts having savings. The bank had facilitated 62,000 remittance transactions.
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