The Citi Foundation Citigroups GrantMaking Arm Pledges USD 100000 to PlanetFinances Microfinance Training Programme in Middle East and North Africa
The Citi Foundation Citigroups GrantMaking Arm Pledges USD 100000 to PlanetFinances Microfinance Training Programme in Middle East and North Africa
PlanetFinance, which provides technical assistance, rating assessments and financing to MFIs, claims that the number of microfinance active clients in the Middle East and North Africa region (MENA) has increased more than tenfold since 1999, from 129,000 to approximately 1.5 million, but that another 4.5 million are still lacking access to financial services. Compared to other parts of the world such as Latin America and South Asia, the microfinance sector in the MENA region is still underdeveloped both in terms of beneficiaries as well as MFIs. So far the majority of the MFIs in the region are non-profit, non-government organisations (NGOs) with very few commercial banks active in the sector.
The Citi Foundation supports programs in the areas of youth education, financial education, and supporting communities and entrepreneurs. It donated USD 92 million in grants in 2006.
The Citi Foundation Citigroups GrantMaking Arm Pledges USD 100000 to PlanetFinances Microfinance Training Programme in Middle East and North Africa - To learn more about this author, visit David Satterthwaite's Website.
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The Citi Foundation, the grant-making foundation of international financial services firm Citigroup, has pledged a USD 100,000 grant to PlaNet Finance, the French non-profit company that assists microfinance institutions (MFIs), towards the development of a microfinance training curriculum in Arabic. This will be aimed at MFIs in seven Arab countries and delivered through 50 course modules designed to provide them with skills in human resources, planning and strategy, products, accounting, supervision and finance. There will be five-day training sessions in Casablanca, Cairo, Beirut, Amman, Ramallah, Damascus and Sana’a over the next three years.
PlanetFinance, which provides technical assistance, rating assessments and financing to MFIs, claims that the number of microfinance active clients in the Middle East and North Africa region (MENA) has increased more than tenfold since 1999, from 129,000 to approximately 1.5 million, but that another 4.5 million are still lacking access to financial services. Compared to other parts of the world such as Latin America and South Asia, the microfinance sector in the MENA region is still underdeveloped both in terms of beneficiaries as well as MFIs. So far the majority of the MFIs in the region are non-profit, non-government organisations (NGOs) with very few commercial banks active in the sector.
The Citi Foundation supports programs in the areas of youth education, financial education, and supporting communities and entrepreneurs. It donated USD 92 million in grants in 2006.
The Citi Foundation Citigroups GrantMaking Arm Pledges USD 100000 to PlanetFinances Microfinance Training Programme in Middle East and North Africa - To learn more about this author, visit David Satterthwaite's Website.
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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