The UNCDF designed the Local Climate Adaptive Living Facility (LoCAL) to help strengthen the resilience of vulnerable communities such as Saponé in the Centre-Sud Region, Loumbila in the Plateau-Central Region and Pabré in the Centre Region of Burkina Faso. 

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability. 

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.

Through its subsidiaries, Baobab provides financial services to half a million microentrepreneurs and small businesses, thus allowing access to financing to people who are not currently supported by traditional banks.

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.

The main objectives of the assignment were to design agency banking business model, map potential agents’ locations throughout the country, and provide technical assistance for branding, advertising, consumer education and industry sensitization on agency banking. 

Applicants can be based anywhere globally, however solutions must focus on youth, women, returning migrants or MSMES in Ashanti and Western regions of Ghana.

AFC started implementing three new projects in fall this year that aim to promote financial sector soundness and access to financial services by individuals.

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

A new report by the Bank of Ghana (BoG) has indicated banks have been able to withstand the COVID-19 pandemic.