Recorded Webinar: Financial Services for Refugees

14 April, 2016

Serving refugees may be the next frontier for financial inclusion. With upwards of 20 million displaced people worldwide, refugees are in great need of financial services. Yet, most financial service providers (FSPs) believe that “refugee microfinance” is too risky, partly due to misconceptions.Listen to the webinar that identifies best practices for financial service providers (FSPs) to increase their outreach to refugees.

Many myths persist: refugees are dependent primarily on aid; they are physically isolated and don’t generate economic activity; they are purely burdensome to host economies; and they are technologically illiterate.

The SPTF has been working strategically to increase financial inclusion for this population. In 2015, SPTF began a collaboration with the Livelihoods Unit of the United Nations High Commissioner for Refugees (UNHCR) to identify and document best practices for financial service providers (FSPs) to provide access to financial products and services for refugee populations. In 2016, this collaboration will continue in order to create training materials based on the best practices identified last year, and to disseminate this information to key stakeholders.  These resources can encourage and support the FSP’s increased outreach to refugee populations.

To listen to an earlier webinar: Refugees- The Next Frontier in Financial Inclusion?, click here.

Also available: the Presentation Notes and PowerPoint and visit the SPTF’s Refugee Microfinance webpage.

 

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