UNCDF

The UN Capital Development Fund is providing public and private finance work for the poor in the least developed countries. UNCDF provides grants, loans, and technical support to ensure that more households and small businesses gain access to financial services. With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development. UNCDF’s financ... ing models work through two channels: financial inclusion that expands the opportunities for individuals, households, and small businesses to participate in the local economy, providing them with the tools they need to climb out of poverty and manage their financial lives; and localized investments that show how fiscal decentralization, innovative municipal finance, and structured project finance can drive public and private funding that underpins local economic expansion and sustainable development. The New York, New York-based fund was founded in 1966.More