Mennonite Economic Development Associates - Financial Inclusion through Community Partnerships, Digital Finance, and Training
In Uganda, only one in five people have access to financial services. MEDA is working with UGAFODE Microfinance Limited to develop savings products to help people in rural Uganda find more secure ways to save their money.
Products like GroupSave targets informal savings groups, while AirSave allows customers to check their savings from their mobile phones and make deposits and withdrawals through mobile money agents. This provides new opportunities for low-income clients to save. In addition to peace of mind knowing their money is safe, they now have savings to invest in their small businesses, send their children to school, or build a house.
Goal 9: Industry, Innovation and Infrastructure
Investment in infrastructure and innovation are crucial drivers of economic growth and development. With over half the world population now living in cities, mass transport and renewable energy are becoming ever more important, as are the growth of new industries and information and communication technologies.
Technological progress is also key to finding lasting solutions to both economic and environmental challenges, such as providing new jobs and promoting energy efficiency. Promoting sustainable industries, and investing in scientific research and innovation, are all important ways to facilitate sustainable development.
More than 4 billion people still do not have access to the Internet, and 90 percent are from the developing world. Bridging this digital divide is crucial to ensure equal access to information and knowledge, as well as foster innovation and entrepreneurship.