SCBF and the Arab Gulf Programme for Development (AGFUND) are very happy to announce that the strategic partnership has been extended with additional funding.
“As a Board member and a donor, we at AGFUND are pleased to contribute a second round of funding to SCBF particularly as SCBF embarks on its 10-year anniversary. Over the past three years, AGFUND and SCBF have co-funded some exciting projects in the areas of financial education, insurances for smallholder farmers, digital finance, and financial services for refugees, across three countries. Thanks also to our partner the Swiss Agency for Development and Cooperation. It’s been a real pleasure to see SCBF grow. We look forward to many more years of working together to contribute to the 2030 Agenda for Sustainable Development.” – Mr Nasser Bakr Alkahtani, Executive Director of AGFUND
“We are thrilled with the collaboration and continued confidence that AGFUND places in SCBF especially in this auspicious year when we are celebrating our 10-year anniversary. We truly value AGFUND’s commitment as a strategic partner which enables us to co-fund innovative projects. We look forward to co-funding projects in more countries covering new areas that will reach out to more low-income people, smallholder farmers and small-scale entrepreneurs and in particular women.” – Sitara Merchant, CEO of SCBF
AGFUND is a development organisation, established in 1980 by the initiative of His Royal Highness the late Prince Talal bin Abdulaziz that tackles the roots of human development problems, targeting all segments of society without discrimination. AGFUND works mainly in the field of development and growth at the international level through an effective partnership with the United Nations Organisation, with regional and national development organisations, with public institutions, with the private sector, as well as with organizations of the civil society.
SCBF is a public-private development partnership and its intervention strategy is to give grants to technical assistance providers to work with partner financial institutions to develop and upscale client-centred financial products, channels and services in emerging and developing countries.
The financial products and services include savings, loans, insurance, digital financial services, or financial education, among others. The work of SCBF helps increase their access and usage to SCBF’s end-clients; low-income people, smallholder farmers and small-scale entrepreneurs and in particular women, to improve their livelihoods.