Finance Inclusive FY2019_Q2_Quarterly Performance Report

The program commenced on April 24, 2017, and will end on April 23, 2019. Finance Inclusive is organized around three strategic objectives: Improved Advocacy and Strengthened Associations, Improved Data for Expansion and New Products, and Increased Awareness and Uptake of Financial Services. The program focuses on tackling market failures within the enabling environment and increasing financial inclusion in a way that creates large-scale, lasting benefits for the poor. Finance Inclusive provides technical assistance to main stakeholders in the financial sector ecosystem, including associations, financial institutions, and mobile network operators, to develop an advocacy body to engage the Banque de la République d'Haiti (BRH) in support of the provision of financial services to underserved households and businesses in Haiti. Finance Inclusive also implements knowledge generation and research activities to enhance understanding of key low-income market segments and gender aspects of financial inclusion. This information is used to encourage the development of relevant products and services that correspond to the livelihood strategies of low-income market segments. The program provides technical assistance and training on financial literacy and behavior change communication to associations, enabling them to assist their members with financial products and improve uptake by low-income populations of basic services, particularly digital financial services. DAI applies a market systems approach to the implementation of Finance Inclusive, bringing together multiple, interconnected actors in the financial system to understand end-users' livelihood strategies and jointly tackle the challenges impeding financial inclusion of Haiti's lowest-income segments, particularly women. The program stimulates conditions under which actors collaborate, innovate, and adapt, and builds the capacity of Haitian institutions, particularly the BRH and associations, to advance financial inclusion after program end. The Finance Inclusive results framework situates expected program results and indicators within the context of USAID/Haiti's goal, Development Objective, and Intermediate Results. The framework outlines the expected outcomes of the program, including increased financial inclusion, improved economic security, and a stable and economically viable Haiti. The program has made significant progress in the second quarter of Fiscal Year 2019, with achievements in operational activities, technical implementation, monitoring and evaluation, and communications. The program has also faced challenges and implemented mitigating measures to address these challenges. The next quarter will focus on continued implementation of the program's strategic objectives, with a focus on improving data for expansion and new products, increasing awareness and uptake of financial services, and strengthening associations and the enabling environment. The Finance Inclusive program is a key component of USAID/Haiti's strategy to promote financial inclusion and economic security in Haiti. The program's market systems approach and focus on building the capacity of Haitian institutions make it an effective tool for advancing financial inclusion and promoting economic development in Haiti.