On July 31, 2015 the International Fund for Agricultural Development (IFAD) approved “The Outreach Project: Expanding and scaling-up innovative financial inclusion and graduation strategies and tools in Africa”. This initiative is also being supported by the Skoll Foundation, within the framework of an initiative carried out with United Nations Foundation (UNF).
The Outreach Project aims at enhancing the operational and policy dialogue effectiveness in financial inclusion and livelihoods improvement strategies in three African countries (Tanzania, Mozambique and the Gambia) for the benefit of the rural poor. The focus of this initiative is on innovation and it also emphasizes the work with governments, both key for future programs that aim to replicate Project goals at scale. In this sense, this initiative is a first step to establishing effective approaches and working practice that will make transformative , large-scale interventions possible.
Fundación Capital’s work aimed at developing financial services amongst savings groups located at the fishing coastal areas in Mozambique. The pilot took place in Maputo province and Maputo City.
To improve people’s knowledge, facilitators provided financial training to 2 fishing centres and 15 saving groups with a total of 504 members.
In order to evaluate the impact of the training, external consultants conducted 2 surveys to the same people, one before the training took place, and one after the training. They evaluated changes in financial knowledge, financial behavior, and financial Inclusion.
The following graphic presents the main findings of the trainings’ impact in the groups.
Using a mix of qualitative research techniques (seasonal calendars, key informant interviews, and focus group discussions), we have worked with smallholder farmers to understand their needs and determine the key messages that can be used to deliver this knowledge.
In order for the messages to have impact, they need to be translated into striking, accessible visual imagery that depict a familiar environment and characters they can relate to. This is especially the case for a target audience with low literacy skills.
We’ve provided technical assistance to The Tanzania Social Action Fund (TASAF) as it designs and implements an effective livelihood enhancement program that enables household members to develop productive activities that increase their incomes.
We work to connect two different regions in the Southern hemisphere – Latin America and Africa – to exchange ideas about how to design better strategies to improve financial inclusion and strengthen livelihoods within social protection programs. For this, we’ve held training and workshops in Tanzania & Mozambique.
We’ve developed a financial inclusion programme that builds upon already established savings groups among coastal fishing communities of Mozambique, linking them to formal service providers able to work in these rural areas, such as microfinance institutions and mobile payment operators.
The Central Bank of the Gambia is formulating new rules to guide the microfinance sector, and to determine the parameters within which agency banking and mobile money should operate. FundaK facilitated an exchange visit to Kenya, which included a mix of formal workshops, informal discussions with key stakeholders, and field visits.