21 February 2022

Each month, the International Labor Organisation (ILO) publishes “Social Finance Brief”, a publication that traces the journey of financial service providers around the world. In the January 2022 edition, the ILO documented the journey of the Uganda Agency for Development Limited (UGAFODE), an organisation supported by the Gramen Crédit Agricole Foundation.

UGAFODE is one of the microfinance institutions benefiting from a programme launched by the Foundation, the United Nations High Commissioner for Refugees (UNHCR) and the Swedish International Development Cooperation Agency (Sida) to promote financial inclusion and non-financial assistance to refugees and host communities in Uganda.

Through the programme, UGAFODE opened a mini-branch in the Nakivale refugee camp in Uganda. It received financial support for the opening of the branch in Nakivale and technical support, coordinated by the Grameen Crédit Agricole Foundation, to develop a range of products and services adapted to the needs of refugees.

The ILO Social Finance Brief describes the evolution of UGAFODE’s decision-making and operational process to become an actor of inclusion serving refugees and host communities. UGAFODE is an example of good practice for the microfinance sector and a great story of the impact of the action of the Foundation and its partners in the field.

Download the Brief here.