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Technology and Innovation for Financial Inclusion (TIFI)

Staff in front of a SACCO in Kenya
Credit: World Council

Cooperative Development Organisation

Implementing Partners and Organisations

CIF, RCPB, FENACOAC, KUSCCO, UM PAMECAS

Period of Implementation

August 2018 - August 2024

Geographic scope

Africa: Burkina Faso, Kenya, Senegal

Americas: Guatemala

Budget

$ 7,794,089
€ 7 422 942

Donor(s)

Bilateral Aid: USAID

Sector(s)

Banking & Financial Services

Type of Activity

Monitoring & Evaluation, Technical Assistance & Advisory

Summary

The TIFI program will increase lending to SMEs by deploying the World Council of Credit Unions' (WOCCU) SME Lending Toolkit with key regional partners in Burkina Faso, Guatemala, Kenya, and Senegal. These regional/national organizations represent and provide technical support to multi-million-member networks of CUs. Using the WOCCU SME Lending Toolkit as a guide, TIFI will strengthen the knowledge, capabilities and governance of CUs to deliver SME loans by first building capacity at the national association (NA) level, then supporting the NAs as they scale the method to their member CUs. Every WOCCU activity ingrains digital innovation in every step so it has been built into TIFI's DNA from the start. The result will be a globally shareable set of SME lending tools with a holistic digitally driven feedback loop in place with expansion.

Project Objectives

  1. Improved cooperative business performance;
  2. Improved cooperative enabling environments; and 
  3. Enhanced development community support to cooperatives.

Impact on SDGs

SDG8 - Decent Work and Economic Growth
SDG10 - Reduced Inequalities
SDG11 - Sustainable Cities and Communities

Main Indicators

Number of firms receiving USG-funded technical assistance for improving business performance.Number of organizations using CDP-developed tools and resources to benefit cooperatives and cooperative systems.Percentage of Female Participants in USG-Assisted Programs Designed To Increase Access To Productive Economic Resources

Impact Measurement

Activity Records, Workshop participation lists, MOUs.

Direct beneficiaries

Organisations: 60

Individuals: 1451509

Local stakeholders

CIF, RCPB, FENACOAC, KUSCCO, UM PAMECAS

Key Tags

Inequalities, Informal economy