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–In Focus

Fund Dates

  • Start Date: 1 January 2008
  • End Date: 31 December 2014

JP Timor Leste INFUSE - Reports

–Gallery
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MF SUPPORTING TRADE IN DISTRICTS - Portrait of a microfinance client borrowing to develop his trading business in the main city of Manututo district. Starting to sell cooking wares directly to villages. May 2012.
SURVEYING MF CLIENTS - INFUSE staff surveying microfinance clients to assess the outcome of credit provision and the suitability of the products offered. Aileu district. May 2012.
INSTALLMENT REPAYMENT - The repayment of an installment is being recorded in the register of the MFI after having updated the client’s passbook. Aileu district. May 2012.
GROUP REPAYMENT MEETING - Weekly group repayment meeting in a rural village of Baucau (succo Triloca). Women there tend to borrow ~$300 to 700 to trade vegetables or to buy stock for a small kiosk from the MFI Moris Rasik. Field staff and center leader sitting. May 2012.
THE CHALLENGE OF MIS AND MFIS - Branch of Moris Rasik in the Liquiça district experiencing the roll-out of MIS (Management Information System). MIS brings in a revolution which requires a careful management of change including a lot of training of branch staff. May 2012.
–About

Overview

The United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP) have established a Joint Programme in Timor-Leste entitled "Inclusive Finance for Under-Served Economy (INFUSE),” using a pass-through funding modality. The INFUSE Joint Programme’s goal is to reduce poverty by increasing access to financial services to the poor and low-income population. Using a sector-wide approach, the INFUSE Joint Programme focuses on increasing access to sustainable financial services.

The INFUSE Joint Programme encompasses:

  • A duration of five years, from 01 January 2008 to 31 December 2012;
  • Partnerships with the Ministry of Economy and Development, the Ministry of Finance, the Ministry of Agriculture and Fisheries, the Banking and payments Authority, financial services providers, non-governmental organisations, or other groups supporting the provision of financial services.

The INFUSE Joint Programme is administered by the Multi-Partner Trust Fund Office (MPTF Office) of the United Nations Development Programme (UNDP) in accordance with its financial regulations and rules.   

 

Assistance Strategy

The overarching goal of the Timor-Leste Inclusive Finance for Under-Served Economy (INFUSE) Joint Programme is to reduce poverty, by increasing sustainable access to financial services for the poor and low-income population. The INFUSE Joint Programme’s three main outcomes are:

  • Policy development and strategic coordination;
  • Facilitation of the growth and long-term sustainability of retail financial service providers, so that they can increase their outreach to poor and low-income people; and
  • Development of financial business support infrastructure (credit registry, audit, information technology, innovative technology).

The commitment of the United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP) to the Inclusive Finance for Under-Served Economy (INFUSE) Joint Programme in Timor-Leste is reflected in the United Nations Development Assistance Framework (UNDAF), which legally protects and promotes poverty reduction, food insecurity, and human rights. The INFUSE Joint Programme contributes towards the achievement of Millennium Development Goal 1, specifically to cut absolute poverty by one third by 2015, and increase sustainable access to financial services for the poor and low-income population.

 

Governance

The Inclusive Finance for Under-Served Economy (INFUSE) Joint Programme is implemented jointly by the United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP) using a pass-through funding modality. The Participating UN Organisations work in close collaboration with the Ministry of Economy and Development. The programmatic and financial accountability rests with the Participating UN Organisations, which manage their respective components of the Joint Programme.

Investment Committee

The main objective of the national Investment Committee is to facilitate effective implementation and coordination of the INFUSE Joint Programme. The Investment Committee consists of: United Nations Capital Development Fund (UNCDF), United Nations Development Programme (UNDP), Ministry of Economy and Development, Ministry of Finance, Ministry of Agriculture and Fisheries, Banking and Payments Authority, and donors serving as observers.

Administrative Agent

The Multi-Partner Trust Fund Office (MPTF Office) of the United Nations Development Programme (UNDP) serves as the Administrative Agent (AA) of the INFUSE Joint Programme. The AA is responsible for concluding Standard Administrative Arrangements (SAAs) with donor(s) and Memorandum of Understanding (MoU) with Participating UN Organisations (UNCDF and UNDP).

 

Decision Making

The Investment Committee discusses and approves work plans and budgets as well as any substantive or financial issues pertaining to implementation of the Inclusive Finance for Under-Served Economy (INFUSE) Joint Programme. The members assume responsibility for performing joint monitoring of Joint Programme activities. Decisions are made by consensus. Members provide regular feedback on its implementation and propose any necessary corrective actions to resolve problems, ensure accountability, and make recommendations.

The Administrative Agent [Multi-Partner Trust Fund Office (MPTF Office) of the United Nations Development Programme (UNDP)] for the INFUSE Joint Programme is responsible for the receipt, administration, and management of contributions from donors; disbursement of funds to the Participating UN Organisations; and consolidation of financial reports produced by each of the Participating UN Organisations and Non-UN Participating Organisations and provision of these reports to the Investment Committee for onward submission to the donor(s).

–Recent Documents

This tab shows only recent documents relevant at the Fund level. To see more documents at both the fund and project level go to the Document Center.
–Key Figures
–Funding Status
Participating Organizations are required to submit final year-end expenditures by April 30 in the following year; Interim expenditure figures are submitted on a voluntary basis and therefore current year figures are not final until the year-end expenditures have been submitted.
Total as of
Values in US$ 		View as Excel Print friendly format
Funds with Administrative Agent
Contributions from Donors 3,231,150  
Interest and Investment Income (from Fund) 15,862  
Interest (from Participating Organizations) 5,852  
Refunds by Administrative Agent to Contributors -80,858  
Total source of funds   3,172,005
Transferred to Participating Organizations 3,198,838  
Refunds from Participating Organizations -59,251  
Administrative Agent Fee 32,312  
Direct Cost 0  
Bank Charges 107  
Total use of funds   3,172,005
Balance with Administrative Agent   0
As a percentage of deposits   0.0%
Funds with Participating Organizations
Transfers to Participation Organizations 3,198,838  
Total resources   3,198,838
Participating Organizations' Expenditure 3,139,587  
Refunds from Participating Organizations -59,251  
Total expenses     3,198,838
Balance with Participating Organizations   0
As a percentage of transfers   0%
Total Balance of Funds   0
As a percentage of deposits   0.0%
–Delivery Analysis
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–Contributions
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–Projects
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–Contacts

Administrative Agent Issues in Timor-Leste

 

Administrative Agent Issues in New York

Multi-Partner Trust Fund Office (MPTF Office), Bureau of Management, United Nations Development Programme; Fax: +1 212 906 6990;  
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