📋 Tender Overview
Activity Id:
217952
Project Number:
7200AA24FA00008
Implementing Partner:
Foundation for International Community Assistance
Activity Start Date:
N/A
Activity End Date:
2027-08-25
Country:
World
Country Code:
WLD
Region:
World
Funding Agency:
U.S. Agency for International Development
Managing Agency:
U.S. Agency for International Development
Fiscal Year:
2024
Current Dollar Amount:
$1,300,000
International Sector:
Business and Other Services
USG Sector:
Private Sector Competitiveness
Description:
FINCA International is partnering with Kuunda, a business-to-business financial technology solutions provider that has developed a menu of affordable, real-time overdraft solutions for last mile consumers and mobile money agents. Kuundas consumer overdraft product provides instant microloans using an algorithm that leverages consumer transactional data to generate credit scores. DIV will support FINCA and Kuunda by funding a randomized controlled trial of the consumer overdraft product in Tanzania. The study will measure the impact of the overdraft product on indicators of household and financial wellbeing, including consumption, business expenditures, and ability to manage financial shocks. In addition, Kuunda will test if it can continue to sustainably scale its model while lowering its credit score threshold and extending overdraft protection to more consumers.
