Innovative Financial Services

Under this pillar FSD Uganda provides matching grants to financial service providers, mobile network operators, financial technology companies and non-bank financial service organizations to test, pilot and  / or scale up technology driven financial services, products or delivery channels. These services should: 

  • Improve the lives of poor men and women.
  • Deliver change that lasts beyond the lifetime of interventions.

If successful, the aim is for the partnering institution to take the innovation to scale, thus impacting a wide range of individuals.  The interventions will be in the following form:

 

  • Providing technical assistance to partner institutions in incidences where specialized skill sets, not available within the institution, are required.
  • Where partners lack human resources because of internal constraints, paying for these so that the institutions are able to implement the solution within the required time.
  • Providing matching grants to share the risk of implementing an innovative solution.
  • Providing guarantees to pay part of a loan should a borrower default. The goal is to encourage institutions to test new products and services for which they need to acquire more knowledge to enable them take on the risk involved.

Share

Connect to us