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If you already have a supplier profile, please access the negotiation using quicklink or please login to the Supplier Portal, then search for the negotiation using the reference number UNCDF-00360, following the instructions in the user guide.

Introduction

Scope of the Tender

• Set up an industry forum and a multistakeholder working group – to improve industry coordination and advocacy efforts. The working group will lead / facilitate continuous dialogue and consensus-building around the market improvements needed for  responsible digital credit in Uganda.

o    Hold convenings of financial service providers (Fintechs, Banks, MNOs, Insurance companies etc.), regulators and civil society to  build the capacity of data driven (fintech le nders) lenders, policymakers, and regulators on responsible digital credit practices, consumer protection, and gender-inclusive financial services – with a specific focus on MSME and women centric financing.

     ii.        Awareness, devise an awareness campaign towards the popularization of responsible digital lending and adoption of the code of conduct across the industry.

o    Conduct awareness / training sessions and peer-learning workshops for financial service providers, regulators, and other stakeholders around policy and regulation of digital credit.

Advocate for Policy and Regulatory Reforms around Alternative Digital Credit: Based on outcomes from the round tables, engage with policymakers, regulators to advocate for the adoption of key emerging viewpoints towards a more enabling regulatory framework - that balances innovation with consumer protection – data-driven digital lending in Uganda, with a strong focus on fostering MSME financing and women financing.

o   Convene and facilitate policy and regulatory discussions to shape a balanced and inclusive policy and regulatory environment around data-driven digital lending by working closely with government regulatory bodies, financial institutions, and industry leaders.

o   Organize roundtable discussions that bring together key stakeholders on matters of a permissive and inclusive policy and regulatory environment regime for responsible data-driven digital  lending. 

• Support industry negotiations towards the endorsement of the industry code of conduct and its implementation framework and take lead in its implementation. The industry code of conduct establishes clear industry standards for responsible alternative digital lending. This includes ensuring transparency in pricing, ethical and fair debt collection practices, robust data privacy protections, and non-discriminatory lending criteria that promote financial inclusion.

o    Facilitate multi-stakeholder engagements around achieving consensus on an industry – led code of conduct that promotes transparency in pricing, ethical and fair debt collection practices, robust data privacy protections, and non-discriminatory lending criteria that promote financial inclusion – within the digital lending market in Uganda

     v.        Undertake a benchmarking exercise against global best practices on industry driven market conduct practices.

    vi.        Lead the process of stakeholder endorsement of the code of conduct

Update and monitor the implementation framework and roadmap for the code of conduct, including overseeing KPIs and milestones achieved by the working group members and relevant stakeholders

Documents :

Negotiation Document(s) (Before Accessing other negotiations Document(s), please click on this link)