Zambia's Credit Management Services : Micro-Credit Schemes for Women Enterpreneurs
Credit Management Services Limited (CMS) was established in 1992 as a subsidiary of Molver and Company, a Zambian accounting company. It provides lending services through four schemes. This Action Research best practice study focuses on micro-credi...
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/1999/05/1574612/zambias-credit-management-services-micro-credit-schemes-women-enterpreneurs http://hdl.handle.net/10986/9867 |
| Summary: | Credit Management Services Limited (CMS)
was established in 1992 as a subsidiary of Molver and
Company, a Zambian accounting company. It provides lending
services through four schemes. This Action Research best
practice study focuses on micro-credit schemes for women
entrepreneurs. CMS lends to members of existing women's
clubs. The success of CMS is to a large extent attributable
to its innovative approach to micro-credit delivery --
portfolio diversification, use of existing institutions,
transparent MIS, and regular club meetings. The CMS
management has learned these lessons: a) high potential for
rural savings, b) close supervision improves performance; c)
women are a lower credit risk; d) the value of strict
contract enforcement; and e) critical minimum loan size. |
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