UNCDF has launched a five-year project (2024–2029) in Uganda called “FinWise,” focused on enhancing access to capital for micro and small businesses through inclusive digital finance. In partnership with the Mastercard Foundation under the 10X Project (2024–2027), the initiative aims to support youth-led MSMEs in the digital economy by improving operational efficiency, market access, and financial inclusion via digital platforms. The project targets 84,000 enterprises—60,000 of which are expected to be women-led—to access digital loans, device financing, and working capital. Implemented in collaboration with Outbox, Refactory, and Women in Technology Uganda, the initiative focuses on financially disadvantaged female youth across 40 districts in sectors such as trade, technology, agriculture, and tourism.
UNCDF is seeking a qualified entity to manage and provide technical assistance for an Innovation Fund focused on data-driven fintech lenders, particularly those in early or mature stages. Over 24 months, the selected entity will support the development and scaling of 12 data-driven lending models by administering a $440,000 fund. This includes disbursing financial support to eight fintech lenders—two device financing companies (up to $100,000 each) and six device distribution and financing startups (up to $40,000 each). Additionally, the entity will provide technical assistance to six fintech lenders, including the two device financiers and four working capital lenders. The entity will work closely with UNCDF, disburse funds based on milestone achievements, and is expected to quote fees for fund management and advisory services.
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