Elevandi, UNHCR to Empower Refugees Through Worldwide Programs to Create Sustainable Income

Singapore, 16 November 2023 – Elevandi, a not-for-profit entity set up by the Monetary Authority of Singapore, and UNHCR, the UN Refugee Agency, unveiled on Thursday a new cooperation at the Singapore FinTech Festival, aimed at promoting job opportunities and skill development for refugees globally.

Under the partnership, Elevandi will support UNHCR’s economic inclusion programmes, including MADE51, a global initiative to empower refugee artisans and connect them with international markets. The programme provides training, resources, and market linkages to refugee artisans, enabling them to showcase their skills and craftsmanship while generating sustainable income for those forced to flee their homes.

“Our visit to the Mahama refugee camp following the Inclusive FinTech Forum in Kigali in June 2023 profoundly impacted Team Elevandi. Witnessing the resilience and determination of the individuals at the camp sparked a strong desire within us to contribute to the remarkable efforts of UNHCR. Through this partnership, we seek an opportunity to support the extraordinary work carried out by UNHCR, which focuses on empowering refugees with the skills and knowledge needed to secure and sustain employment.” said Mr. Sopnendu Mohanty, Chairman of the Elevandi Board.

The partnership between Elevandi and UNHCR is expected to benefit refugees around the world over the next three years. At today’s launch announcement, those in attendance saw a showcase of MADE51 products created by refugee artisans, such as the MADE51 Holiday Collection, featuring 24 ornaments made in 15 countries, each with its own story of heritage.

“We are delighted to join forces with Elevandi to bolster refugees’ access to the skills training and employment opportunities they need to build better futures for themselves and their families. It is essential that every person, including refugees, the displaced and stateless individuals can meet their basic needs in a safe, sustainable and dignified manner.” said Christian Schaake, Chief, UNHCR Private Sector Partnerships Asia.

Economic inclusion contributes to the self-reliance and resilience of refugees, contributes to economies in refugee host countries and prepares those forced to flee for a brighter future, whether they return home, integrate in their country of asylum, or resettle in a third country.

Photo: (L-R) Sopnendu Mohanty, Chairman of the Board, Elevandi; Karien Jeekel, Regional Private Partnership and Philanthropy Officer (Asia and the Pacific), UNHCR at the MOU signing. Photo credit: Elevandi