IV Module I Key Principles for an African Model of Microfinance
IV Module I Key Principles for an African Model of Microfinance
been used, ranging from traditional kinship networks and Revolving Savings and Credit
Associations (ROSCAs) to NGOs and development projects, and funded by both the informal
and formal financial sectors, as well as domestic and international and donors. Consequently,
examples of African microfinance offer an array of lessons of what works and doesn't work. This
section summarizes some of the key principles for microfinance institutions (MFIs) to become
more ideologically and institutionally sustainable, building their capacity to better serve the
poorest while becoming financially viable and self-reliant. It is understood that there is no
blueprint for microfinance initiatives; each initiative must adjust to the specific cultural, political,
and economic setting in which it operates. Allowing for such diversity, the following general
principles are highlighted:
Pool together people's resources through group organizing
Rely and build upon what people know tradition
Reinforce microfinance to empower the African private sector
Strive for efficiency
Microfinance in Africa: Combining the Best
Practices of Traditional and Modern
Microfinance Approaches towards
Poverty Eradication
IV Module I Key Principles for an African Model of Microfinance - To learn more about this author, visit United Nations Economic Commission for Africa's Website.
Like this article? Share it with your friends
African microfinance is as diverse as the continent itself. An array of approaches have
been used, ranging from traditional kinship networks and Revolving Savings and Credit
Associations (ROSCAs) to NGOs and development projects, and funded by both the informal
and formal financial sectors, as well as domestic and international and donors. Consequently,
examples of African microfinance offer an array of lessons of what works and doesn't work. This
section summarizes some of the key principles for microfinance institutions (MFIs) to become
more ideologically and institutionally sustainable, building their capacity to better serve the
poorest while becoming financially viable and self-reliant. It is understood that there is no
blueprint for microfinance initiatives; each initiative must adjust to the specific cultural, political,
and economic setting in which it operates. Allowing for such diversity, the following general
principles are highlighted:
Pool together people's resources through group organizing
Rely and build upon what people know tradition
Reinforce microfinance to empower the African private sector
Strive for efficiency
Microfinance in Africa: Combining the Best
Practices of Traditional and Modern
Microfinance Approaches towards
Poverty Eradication
IV Module I Key Principles for an African Model of Microfinance - To learn more about this author, visit United Nations Economic Commission for Africa's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
|
To learn more about the Evan Elite Author Program please contact us. |
 | |
|  |
Subscribe to United Nations's articles
 | |
|
|  |
 | |
|
| |
 | ||
 |
||
 |
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
 |
 Entrepreneurship Or Job? Networking To Get Results Confidentiality Agreement Challenges Of Change Business Plan Sample |
|
 | ||
 |
Top 50 Franchising Blogs
Top 50 Franchising Blogs | |
 |
The Top 10 ProBlogger Posts
Best Posts for Bloggers | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
| ||||||||||
|
| ||||||||||
|
|
||||||||||