Transforming Microfinance Institutions : Providing Full Financial Services to the Poor
In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organizations to r...
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2006/08/7046441/transforming-microfinance-institutions-providing-full-financial-services-poor http://hdl.handle.net/10986/7086 |
| Summary: | In response to a clear need by
low-income people to gain access to the full range of
financial services including savings, a growing number of
microfinance NGOs are seeking guidelines to transform from
credit-focused microfinance organizations to regulated
deposit-taking financial intermediaries. In response to this
trend, this book presents a practical "how-to"
manual for microfinance institutions to develop the capacity
to become licensed and regulated to mobilize deposits from
the public. This book provides guidelines for regulators to
license and regulate microfinance providers, and for
transforming microfinance institutions to meet the demands
of two major new stakeholders -regulators and shareholders.
As such, it focuses on developing the capacity of NGO
microfinance institutions to mobilize and intermediate
voluntary savings. Drawing from worldwide experience, it
outlines how to manage the transformation process and
address major strategic and operational issues inherent in
transformation including competitive positioning, business
planning, accessing capital and shareholders, and how to
"transform" the microfinance institutions human
resources, financial management, management information
systems, internal controls, and branch operations. Case
studies then provide examples of developing a new regulatory
tier for microfinance, and how a Ugandan NGO transformed to
become a licensed financial intermediary. |
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