This partnership is poised to significantly narrow the financial inclusion gap, streamlining the processes of money transfer, savings, and credit accessibility for individuals.

The grant will allow Opportunity International to provide micro and small business loans, digital tools and specialized technical training to women-led small- and micro businesses in the Democratic Republic of the Congo (DRC), Ghana, Nigeria and Uganda.

Quest Digital Finance, a Ugandan tech company, is placing the power of banking and service delivery in the palms of the farmers and entrepreneurs using its digital platforms.

The new investments include a $5M local currency facility for Uganda from Nordic Microfinance Initiative (NMI), $6M from existing lender Symbiotics, and $1M from crowdfunding platform Lendahand, all to support growth in Uganda.

Opportunity International and Oikocredit will mobilize the funds over the next three years with an initial, near-term focus on Ghana, Kenya, Nigeria, Senegal, and Uganda.

FINCA Impact Finance, a US-based network of financial institutions, recently carried out several campaigns catering to low-income people through its affiliates in Africa and Asia.

In 2020, savings groups in refugee contexts have had the lowest late repayment rate compared to any of the other clients served by VisionFund Uganda.

New research released by Heifer International revealed 97 percent of smallholder farmers in Uganda have seen their income drop since the beginning of the COVID-19 pandemic,

Through a network of 23 branches and 63 active agents across the country, FINCA Malawi serves more than 70,000 clients offering individual and group loans, savings and insurance products specifically designed for low-income entrepreneurs.

The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.