Creating Jobs and Expanding Financial Inclusion in Refugee Settlements

Introduction

Uganda boasts one of the most progressive refugee policies in the world, granting refugees the right to work, freedom of movement, land, and social services. The goal is to ensure refugees have what they need to start businesses for their own self-reliance. However, limited access to financial services prevents most from taking their businesses beyond a micro-level. Mobile money agents have the potential to close this gap by bringing financial services closer to rural communities. An assessment by Grameen and GSMA in refugee settlements in northern Uganda found insufficient agents to adequately meet community needs, and it was difficult for mobile network operators (MNOs) to recruit and maintain additional agents in the settlements. 

To address this gap, Grameen Foundation worked with GSMA and private sector partners, MTN Uganda and Nilecom Limited, to implement the Building an Enabling Financial Services Ecosystem for Refugees Phase 2 (Be-FINE 2) project in Bidi Bidi and Palorinya Refugee settlements. Be-FINE 2 aimed to improve financial inclusion through awareness, access and uptake of digital financial services via the establishment of new mobile money businesses and digital financial literacy training. The project took a market facilitation approach, addressing the barriers and gaps MNOs face to recruiting and retaining agents in refugee settlements; as well as the challenges refugee women and youth face to starting mobile money agent businesses.