The financial inclusion for refugees (FI4R) project is jointly supported by FSD Uganda and BFA Global; we are working with our partners Equity Bank Uganda, VisionFund Uganda and Rural Finance Initiative to offer financial services to refugees in Uganda.
BFA Global undertook a baseline on the financial lives of refugees in January 2020. This laid the foundation for 4 rounds of financial diaries collection. The first round of data collection was carried out in September 2020 amidst the COVID-19 pandemic so most interviews were done over the phone. These are some of the insights that were uncovered in this round of diaries:
- The financial instruments used by refugees
- The positive impact of savings groups
- Use of the debit card as collateral
Look out for insights from the next 3 rounds of diaries – watch this space for more!