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Combating Refugee Hunger via Inclusive Finance

September 4, 2015 in Branchless Banking, Center for Financial Inclusion, Client Focus, Energy, Environment and Inclusive Finance, Financial Inclusion, Technology | Tags: , , , , , , , | by | 2 comments

> Posted by Center Staff

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This week the United Nations Food and Agriculture Organization (FAO) and MasterCard forged a new partnership to develop inclusive financial systems to support small-scale farmers and lower-income families. The team’s first effort focuses on the Kakuma refugee camp in north-western Kenya, a settlement home to roughly 170,000 refugees who have fled wars and violence in neighboring countries.

The partnership seeks to harness the duo’s respective strengths: FAO in fighting hunger and malnutrition among the most vulnerable and hardest-to-reach, and MasterCard in expanding financial inclusion through digital services. Their initiatives will center on, among other elements, providing credit and cash to households in economically-marginalized communities for the purchase of basic needs and farming inputs.

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