June 13

African Development Bank, Government of Chad Sign $650,000 Grant Agreement to Extend Digital Financial and Non-financial Services to Women and Youth

The Africa Digital Financial Inclusion Facility (ADFI) of the African Development Bank has signed a grant agreement for $650,000 with the Government of Chad to provide innovative digital financial and non-financial services to women and youth.

The funding will advance the Microfinance Development Support Project for Women and Youth Entrepreneurship, which seeks to bolster women’s economic empowerment and youth entrepreneurship in rural Chad. The project has three components: improve the supply of microfinance services and develop digital finance; boost demand for financial services; and strengthen the entrepreneurial ecosystem in rural Chad.

Photo courtesy of Albert Gonzalez Farran / Unamid.

Source: African Development Bank Group (link opens in a new window)

Finance, Technology
digital finance, financial inclusion, microfinance, women entrepreneurs