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For the implementation of the second component, the European Union has partnered with United Nations Capital Development Fund (UNCDF) to provide support for the development of micro-finance institutions and a finance inclusion team. The objective is to facilitate the access of financial services to rural communities, including savings, credit, insurance, low-cost remittances as well as financial competency building.
Total Cost (EUR): 6 835 512
EU contracted amount (EUR): 6 000 000
Duration: October 2014 - June 2018
Implementing organisation: UNITED NATIONS CAPITAL DEVELOPMENT FUND
Funding Instrument: European Development Fund (EDF)
Benefitting zone: Papua New Guinea