State of the Ugandan Refugee Finance Sector Report 2024

This report provides a detailed overview of the evolution and current state of the refugee finance sector in Uganda, key drivers, and levers as well as demand and supply-side constraints. The report shares learnings and recommendations arising from several refugee finance programs, including Mercy Corps’ ReFine program, funded by Agence Française de Développement (AFD) with the goal of contributing to the growth and development of the refugee finance sector.

The growth of the space has generated a number of lessons and evidence for best practice. These include the need for flexibility in know your client (KYC) requirements, the recognition of new forms of collateral including group guarantees, the development of innovative service models for hard-to-reach communities such as agent banking and a more nuanced understanding of refugee market segmentation. These lessons can inform better practice by actors in Uganda and more widely.

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By David Kwasi Owusu Darkwa & Peter Otala