Project Fiche – FFRemittances

This regional project ‘Scaling and leveraging digital international remittances to Ghana, Kenya, Senegal, The Gambia and Uganda’ implemented by MFS Africa under the PRIME programme initiative aimed to enhance the financial resilience and economic empowerment of remittance families through cost-effective digital channeling and safeguarding of remittances.

The goal is to enhance the financial resilience and economic empowerment of remittance recipients through cost-effective digital channelling and safeguarding of remittance flows

This Project aims to strengthen the resilience of rural populations by improving the money transfer methods for the Senegalese diaspora in France.

This Project implemented by MoneyTrans aims to enhance the financial resilience and economic empowerment of Moroccan remittance families through cost-effective, digitalized remittance flows from Europe, and innovations towards financial inclusion.

This Project aims to strengthen the resilience of rural populations by improving the money transfer methods for the Senegalese diaspora in France.

Maximising the impact of remittances sent by low-income migrants in South Africa to their remittance-receiving families in Mozambique and Zimbabwe through a cost-effective and simplified KYC transactional account.

TCIB is a regional and interoperable payment scheme that promotes more affordable low-value, cross-border payments in the Southern African Development Community (SADC) region, while enlarging access to pay out access points for rural recipients.

To reduce poverty and support economic growth through decent work in rural Mali by mobilizing diaspora investments. The results are as follows:

MALIAN DIASPORA INVESTS EUR 120,000 IN RURAL AGRIFOOD SMES IN MALI
1. An innovative investment model is designed and customized to meet diaspora needs.
2. Twelve leaders of the Malian diaspora in France promote the impact investment mechanism
3. designed under this project.
4. Six groups of about 5 to 20 diaspora investors each mobilize their savings to invest in Mali.

AGRIFOOD SECTOR IN MALI ARE FINANCED TO DEVELOP THEIR BUSINESSES
1. A EUR 72,000 guarantee fund is set up to de-risk diaspora investors.
2. The six SMEs supported create or stabilize at least 50 direct jobs, of which 50 per cent for women.

LESSONS LEARNED FROM THE NEW DIASPORA INVESTMENT SOLUTION ARE DOCUMENTED TO ENABLE ITS REPLICATION
1. A good practice guide is developed and disseminated.
2. A legal and regulatory study of the model extension to other European countries where the Malian diaspora is located is conducted.

Expanding digital financial inclusion through international mobile remittances in rural Senegal with the aim to strengthen the resilience of rural populations in Senegal by improving access to affordable money transfer methods for the Senegalese diaspora in France.

Initiative aims to enhance the financial resilience and economic empowerment of remittance families through cost-effective digital channeling and safeguarding of remittances.

Download Report

This project targets Ghana and its remittance corridors from Germany and the Netherlands. The project fiche provides a detailed overview of the project goals and activities, highlighting the strategies employed to optimize remittance flows. It outlines the expected results to be achieved by the end of the project period, aiming to enhance financial inclusion, reduce transaction costs, and support economic growth in Ghana.

Type of Document: Project Fiche

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