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Embassy of SwedenLusaka, Zambia

Local time 10:49 PM

Press release: Financial inclusion for all!

07 Dec 2020

FSD Zambia signs a SEK 40,000,000 (GBP 3.2 million) grant agreement with the Swedish International Development Cooperation Agency (Sida) to promote financial inclusion and capabilities for women, youth and people with disabilities

Lusaka, 7 December 2020: Today, FSD Zambia welcomes a SEK 40 million grant from Sweden through the Swedish International Development Cooperation Agency (Sida) to support the implementation of the Women and Youth in Financial Inclusion (WIN) Phase II Programme from 2020 to 2025. Building from the learnings, experience and innovations of the WIN Phase I programme that ran from 2016 to 2020, Phase II marks the beginning of a more significant contribution to the systematic and lasting change, particularly benefiting poor women, youth and the differently abled.

Swedish Ambassador to Zambia - Anna Maj Hultgård: “Strengthening the lives of women and youth through financial inclusion is crucial. We know that women are more likely to be financially excluded than men. The Women and Youth in Financial Inclusion Programme or WIN II is a follow up to the successful WIN I programme. Building upon lessons learned, the programme aims to continue many of the important pilot interventions, for example, digital school fees. A simple activity like paying school fees can be difficult and time-consuming, especially for people living in rural areas. Digital payments do not only reduce these barriers but also serve as a bridge to other digital services. FSD Zambia is truly a market leader when it comes to financial inclusion. With a commitment to continuous learning and adaptation, and with a broad network of partners, we believe that they are uniquely suited to lead this innovative programme.”

Last updated 07 Dec 2020, 6.39 PM