The financial inclusion sector is realizing the value of applying the UN Sustainable Development Goals (SDGs) as a way to shape activities, and PHB embraces this direction. Here’s a look at a few of our activities that correspond with selected SDGs.
PHB Development is a social enterprise offering increasingly diverse
services around the world: Sub-Saharan Africa, South Asia and the Pacific — and
more. While financial inclusion is at the core of our business, we are
expanding into agricultural value chains and financial inclusion for refugees.
The financial inclusion sector is realizing the value of applying the UN
Sustainable Development Goals (SDGs) as a way to shape activities, and PHB
embraces this direction. Here’s a look at a few of our activities that
correspond with selected SDGs.
SDG 1 No Poverty: As of 2015, about 736 million people still lived on less than US$
1.90 a day. (undp.org).
PHB Development has a project selection methodology to ensure we work on projects that have the highest positive impact on the livelihoods of the poor. Once allocated on these projects, we have developed tools that custom make products and services for low-income people:
Human-centric design to meet customers’ needs and provide maximum benefit
“Rapid prototyping” to test a new product and its features with customer input
Value proposition mapping and business case development for the low-income segment
Improved customer education using visual aids to support less literate customers using mobile devices
As a result, improved agriculture leases, education loans, consumer
loans, and housing loans lead to wider implementation of DFS, with far-reaching
impacts on the local economic cycle.
SDG 2 No Hunger: Progress involves promoting sustainable agricultural practices:
supporting small scale farmers.(undp.org).
Digitizing agriculture value chains is one way of
applying technology to help improve overall crop production and improve the
functioning of agricultural supply systems for smallholder farmers in
developing countries. PHB has been working to support efficiency in the
agriculture sector through DFS. For example, in the maize value chain in Uganda – from crop production, processing, and trading, to final
consumption – PHB consultants are designing digitization strategies to benefit
farmers and their workers, as well as merchants and other actors in the value
SDG 5 Gender Equality: Ending all forms of discrimination against women and girls is also
crucial to accelerating sustainable development.(undp.org)
PHB has been working in Papua New Guinea with
Women’s Micro-Bank Limited in a partnership with UNCDF’s Pacific Financial
Inclusion Programme (PFIP). The Mama-Bank Access Points branchless banking project is bringing financial services to women
in rural areas who are not able to afford the time and costs of travel to
distant bank offices. And in Ghana, with support from PHB Development,
Opportunity International developed a set of women-focused training materialswith an emphasis on creating a safe space that
welcomed questions to support customers to build digital literacy.
SDG 10 Reduced Inequalities: Facilitating the safe migration and mobility of people is one of
the keys to bridging the widening divide.(undp.org)
Financial inclusion for the displaced is an area of
focus for PHB, for example through our work in Ethiopia with the Ministry of Finance and the World Bank in the Productive Safety
Net Program, that enabled social transfers through digital services. PHB has
also worked with CGAP and GIZ Jordan to provide DFS for Syrian refugees in
Jordan, by implementing a secure method of transfer remittances.
PHB is increasing efforts to ensure that SDG impact in interwoven in all
our activities. From project selection to project execution, we believe in the
importance of this approach for social impact. We will provide updates on our
progress, as communication of work on SDGs is also important to help increase
synergies in the global community.
Agriculture and displacement: PHB at UN Climate Conference
PHB is taking part in COP24 in Katowice, Poland, to highlight initiatives to support the adaptation of agriculture and financial inclusion for displaced persons.
PHB is taking part in COP24 in Katowice, Poland, to highlight initiatives to support the adaptation of agriculture and financial inclusion for displaced persons. Dialogue at this year’s UN Climate Conference has focused more on working together for adaptation so that communities can be more resilient while working on the entire climate change issue.
Side events at the COP around the Sustainable Development Goals (SDGs) have included addressing needs of the displaced, food security and agriculture, peacebuilding, gender inclusion, renewable energy and much more. PHB has been represented during the second week of these events to explore areas of potential cooperation in working toward the SDGs, especially in developing countries of Africa and Asia.
COP24 will run through Friday 14 December, as negotiators from some 190 countries seek agreement on guidelines for implementing the Paris Agreement. Get in touch with PHB to find out more about how we are working on future-focused programs in agriculture value chains and financial inclusion for displaced and host communities. Cooperation is the key to sustainable and stable societies.