The Retail Finance Distribution (ReFinD) research initiative is an Institute of Statistical, Social and Economic (ISSER) of the University of Ghana led initiative with funding from the Bill & Melinda Gates Foundation

 Applications are opened for the second round of the research initiative. sub-grants for research in retail finance distribution. There are five categories of sub-grants: proposal development, pilot projects, natural experiments, extensions, and green field evaluations.   


Category Sub-grant award (USD)
Proposal development $5,000
Pilot research $40,000 - $60,000
Natural experiment $40,000 - $60,000
Extension of an existing research $100,000 - $125,000
Greenfield research project $250,000 - $450,000

Click here to read more on grant categories.

The grants are targeted at research institutions, policymakers, and commercial players with a thematic interest in digital financial service (DFS) retail distribution, and agent banking/ networks across Sub-Sahara Africa, South East Asia, and South Asia. Applicants are invited to consult the Framework paper “Digital Finance Retail Distribution Networks in Low- and Middle Income Countries: A Research Agenda” to better understand the policy motivation and research questions acceptable for consideration under this scheme

Information Sessions

For further information on the RFP and the application process, you are invited to register for an information session. 

Sub-Saharan Africa

Click here to register.

South Asia and South East Asia

Click here to register.


Application Portal
Closing date for applications