{"id":2067,"date":"2015-11-17T05:05:02","date_gmt":"2015-11-17T05:05:02","guid":{"rendered":"http:\/\/pr.asianetpakistan.com\/?p=21471"},"modified":"2015-11-17T05:05:02","modified_gmt":"2015-11-17T05:05:02","slug":"accion-to-expand-mobile-money-to-rural-uganda","status":"publish","type":"post","link":"https:\/\/southafricajournal.com\/accion-to-expand-mobile-money-to-rural-uganda\/","title":{"rendered":"Accion to Expand Mobile Money to Rural Uganda"},"content":{"rendered":"
Partnership with UGAFODE MDI to serve communities excluded from Uganda’s formal economy<\/p>\n
KAMPALA, Uganda, Nov. 16, 2015 \/PRNewswire\/ — Accion, the global innovator in expanding access to financial services and economic opportunity in emerging markets, said today that it will help rural Ugandans open formal savings accounts, receive business loans, and access many other financial services that they need to build better lives through its new partnership with UGAFODE Microfinance Limited (“UGAFODE MDI”), one of the fastest growing microfinance institutions in Uganda today. Working alongside the local entrepreneurs who helped found UGAFODE MDI as well as current investors Uganda Agency for Development Limited, Access Africa Fund (a MicroVest-managed fund), and Fonds Europeen de Financement Solidaire pour l’Afrique, Accion will invest roughly UGX 4.8 billion into the new partnership, which will focus on digital financial services, notably agent banking, and mobile money services that are tailored to support farmers, businesses, and communities excluded from Uganda’s formal economy.<\/p>\n