For UNHCR this heralds a new approach for the financial inclusion of refugees
JUBA, South Sudan, June 10, 2019/ -- Background

New Finance Bank, the first bank to open inside a camp in Southern Africa, takes an innovative approach to serving the underserved in Malawi. Here, refugees have limited opportunities to be productive, facing legal restrictions to their movement, and lacking access to land to cultivate and education to expand their futures. The camp itself is overcrowded, and as a protracted situation, UNHCR and partners lack sufficient funding to comprehensively meet the needs of the population.

The bank aspires to make people’s lives better through convenient and simplified banking using technology and partnerships. For UNHCR this heralds a new approach for the financial inclusion of refugees. For people like Emery, a refugee working with the bank, it is transformative.

Services provided

Saving accounts
Group lending
ATM access
Forex Services
Training courses on financial literacy and business skills
Tailored services according to the needs of the person of concern

Distributed by APO Group on behalf of United Nations High Commissioner for Refugees (UNHCR).
SOURCE
United Nations High Commissioner for Refugees (UNHCR)