Image credit: UNCDF
The third window of the Shaping Inclusive Finance Transformations (SHIFT) Challenge Fund is open for submission and interested remittance service providers and financial service providers/institutions can submit an Expression of Interest between 7 April 2017 – 9 June 2017.
Titled “Linking remittances as a catalyst for financial inclusion and women’s economic empowerment”, the SHIFT Challenge Fund aims to tackle the challenges and barriers faced by women in Cambodia, Lao PDR, Myanmar and Vietnam and leverage on remittances as a channel to improve women’s economic empowerment.
All submissions will go through a transparent and competitive selection process reviewed by an investment committee and the best proposals will be awarded with matching grants from US$100,000 to US$300,000 covering no more than 50 per cent of the project’s total costs.
Debbie Watkins, Managing Director of Fern Software APMEA, is a member of the SHIFT Investment Committee selected by United Nations Capital Development Fund (UNCDF).
For more information, please visit here or contact:
Fund Facility Coordinator, SHIFT and CleanStart Programmes
UNCDF is the UN’s capital investment agency for the world’s 48 least developed countries (LDCs). With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development. This last mile is where available resources for development are scarcest; where market failures are most pronounced; and where benefits from national growth tend to leave people excluded.
SHIFT is a UNCDF managed regional programme that seeks to advance economic empowerment and market participation for low-income consumers, micro-enterprises and SMEs, with a specific focus on women, by unlocking financial markets access.