LOC-005

Number of new or improved financial services supported by the Grants

Low Cumulative number Customizable

Definition and Methodology

Total number of newly established or significantly enhanced financial services that received Grants' support, reflecting their impact on improving financial inclusion, accessibility, and innovation. Examples of financial services include: microfinance programmes, finetech solutions and mobile banking, social impact investment funds, peer-to-peer landing platforms, cryptocurrency and blockchain-based financial services.

New financial services refer to completely new banking, credit, insurance, or fintech solutions introduced to serve individuals or businesses.

Improved financial services refer to existing financial services that have been significantly enhanced in terms of accessibility, efficiency, digitalization, or affordability.

To count towards this indicator, the service must be operational and accessible to users. Improvements should be substantial, such as new features, expanded reach, or technological advancements.

Key Information

Unit of measurement

Cumulative number

Example Data Source

PP records

Customizable

Yes

Programme Areas and Funds

PA01PA02PA03PA06PA07PA12