by Madigan Ruch -

MICROFINANCE PAPER WRAP-UP: “Financial Literacy for Migrants: Mapping and Needs Assessment,” by Heghine Manasayan et al, from CRRC-Armenia

The authors of this paper seek to understand the needs for financial education among three groups of migrants in Armenia: (1) people who moved to Armenia or within the country for work, including workers’ family members; (2) official refugees to Armenia and those moving to the country for similar reasons; and (3) Armenian citizens who migrated to another country but then voluntarily returned or were deported back to Armenia. The methodologies were group discussion with migrants and the review of government data, such as

by the MicroCapital Team -

MICROCAPITAL BRIEF: 40 Funders Commit $75m via World Economic Forum COVID Response Alliance for Social Entrepreneurs

The World Economic Forum, a Switzerland-based nonprofit, recently convened the COVID Response Alliance for Social Entrepreneurs, through which 40 organizations are aligning their efforts to reduce the economic and other impacts of the COVID-19 pandemic. These 40 organizations support 15,000 entrepreneurs who have served a total of 1.5 billion customers in 190 countries by “protecting livelihoods; mitigating millions of tonnes of carbon dioxide; improving access to health, sanitation, education and energy; [and having] driven social inclusion movements for the disabled, homeless or those with refugee status.”

The alliance members have committed a total of USD 75 million in response to the pandemic. In addition, they are working together to assess needs; increase recovery funding; coordinate legal, technological and

by the MicroCapital Team -

MICROCAPITAL BRIEF: VisionFund Uganda Opening Branches to Deliver Microfinance to Refugees from South Sudan

The Ugandan subsidiary of VisionFund International, which is owned by US-based NGO World Vision, recently opened a branch in the Moyo region of Uganda, serving refugees and local residents near the Palorinya settlement for refugees from South Sudan. About 121,000 refugees and 48,000 Ugandans live in the area. During 2020, VisionFund Uganda plans to open three more branches targeting areas with large numbers of refugees, including one branch serving the town of Yumbe and the nearby settlement Bidibidi, where 230,000