microfact.org is an online platform which aims to strengthen the performances of Microfinance and Microinsurance Institutions through the use of tools (Microfinance Tools and Microinsurance Tools) and workshops (Microfinance Workshops and Microinsurance Workshops).

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04/06/2018 15:52

Microfact in Argentina: Interview with Maria Silvia Abalo from RADIM

Microfact welcomes Maria Silvia Abalo, RADIM Managing Director, in the dynamic pool of certified Microfact trainers, after her successful replication in Buenos Aires in April 2018. 
We talked with Maria Silvia about the importance of microfinance sector in Argentina, the role of RADIM (Red Argentina de Instituciones de Microcrédito) and why Microfact tools and trainings matter so much to the local MFIs.

 

1. Is Microfinance necessary in Argentina?

Yes it is, because 40% of the population live and work in the informal economy and do not have access to decent financing conditions. Moreover, an important part of those 40%, lives below the poverty line. In this context, microfinance give an opportunity to the entrepreneurs within this group. In addition to providing funding, many of the microfinance institutions in Argentina provide training in entrepreneurship or trade. Others give access to health services or provide legal advice for the people without any identity documents or for immigrants. Above all, we speak about the market where financing happens in conditions of absolute transparency and with respect for the customers.

 

2. What is the role of RADIM (Red Argentina de Instituciones de Microcrédito) in the operation of MFIs?

RADIM works under the three main pillars:

  • Institutional strengthening
  • Transparency
  • Advocacy

In the first and second one, we educate our members on SPI4 and as of now, MFI Factsheet of Microfact. Together with the University of Buenos Aires, we organize a four-month course on Management and Leadership in Microfinance, delivered by the highest authorities from the microfinance institutions. Its purpose is to strengthen our institutions and seed new talent for them. We carry out “Knowledge to Grow” Program” that addresses the main issues of the MFIs management (e.g. Credit Risk and Portfolio at Risk) and “Inter MFIs Program” that allows institutions to improve performance of their employees through training in other institutions. In addition, with respect to Advocacy, for 13 years already, we organize the Annual Microfinance Conference, which is the meeting point for all the stakeholders in the sector. We also carry out a monthly cycle called "Reflection Mornings" on financial inclusion with the broad participation of actors from the public and private sectors.

 

3. What is the added value of Microfact tools in the operation of MFIs in Argentina?

In many cases, microfinance institutions in Argentina lack instruments that allow them to analyse their financial and social performance. Microfact offers highly professional tools that allow them to do it. They serve to the management of the institution and to attract the potential funders. We believe that if all our institutions use MFI Factsheet and SPI4, it would be a great advantage in the understanding of their financial and social performance and in the homogeneity of information.

 

04/06/2018 14:39

Microfact in Myanmar !

Against all the odds, an electricity blackout in town, a hot training room and no elevators, 11 MFIs participated in a Microfact training in Myanmar.

 

28 participants, 2 trainers, 1 interpreter and very good energy from everyone were the ingredients for this successful training. Local and international, small and big… a good mix of MFIs allowed for good interaction between participants. MFIs included BRAC, CARD, Fullerton, KB Hana, LOLC, Ngew Marlar, MFIL, NYWCA, INNO Capital, Straits and Ar Yone Or.

 

The room got hotter as participants debated about gender distribution of staff and management ratios during the case study exercises. Ratios interdependency was one of the key elements participants were able to practice while improving their capacity to analyse their financial and social performance.

 

This was the first Microfact training organized in Myanmar but definitely not the last one!

 

KJay zu tin bar deh and Tat Tar!

#forevermicrofact

10/02/2018 22:19

Microfact Call for Factsheets - apply today!

As a means to provide even better support to local trainers and enable them to offer continued support to the financial institutions, Microfact proposes the new Microfact Call for Factsheets.

 

Through this initiative, Microfact wants to encourage trainers to actively look for the opportunities to organize workshops and conduct follow-ups with the Microfinance and Microinsurance Institutions afterwards.   

 

20 trainers, who have successfully organized and conducted a Microfact workshop in 2018 in line with the commitments of the Trainers Habilitation Letter and provided Microfact Coordinators with the required documents, will be rewarded with a Microfact grant.

 

Questions about the application form or the selection process should be directed to the Microfact Coordinators: jarek.chuchla@brs.coop and m.zambrano@ada-microfinance.lu

15/12/2017 09:28

First Microfact training in Ecuador! What did we learn there about the local "cooperativismo"?

12 cooperatives of the "Cooperativa de Ahorro y Crédito de Acción Popular" (CAAP) in Ecuador participated from 13th to 15th of November in the Performance Evaluation workshop in Quito. This training was provided by our new trainers in Latin America: Luis Mosquera (Ecuador) and Diego Alvarez (Bolivia). 

We used this occasion to talk with dr Miguel Gaibor, CEO of the CAAP, about the challenges the cooperatives face in Ecuador and their further development.

What is the interest of the CAAP in the Microfact tools?

La Cooperativa de Acción Popular (CAAP) brings together 13 savings and credit cooperatives from the rural sector. For their optimal performance and the fulfilment of their social and economic mission, CAAP provides them with training, technical assistance and financing.

Realizing this objective requires employing best management tools, such as those of Microfact. Implementation of MFI Factsheet, SPI4 (Cerise), linked with the social impact investigation of the member cooperatives in the local communities, which will be carried out in the coming months, will give them greater security and solvency in their work and in the end fulfilment of their missions.

What are the challenges the cooperatives face in Ecuador?

The most important challenge of the cooperatives in Ecuador is to respond to the trust of their members. We will achieve it only when we fulfil our economic and social mission, which is based on the cooperative principles and values. Unfortunately some of the cooperatives have moved away from them in the recent decades.

CAAP takes up this challenge and with a healthy economic and social balance aims that all its member cooperatives are solvent and financially efficient. In such a way they contribute with their services to improve the quality of life of its members and whole communities.

How do you see development of the MFIs in Ecuador?

As the number of savings and credit cooperatives in the country has multiplied exaggeratedly in the recent decades, local regulator (Superintendencia de Economía Popular y Solidaria) promotes two main trends in the market: from one point reduction of the cooperatives number through mergers and acquisitions and on the other hand: encouraging larger cooperatives with a clear financial objectives to multiply their agencies throughout the whole territory. As a result of these policies, the access to financing of the mass population from the countryside and small cities becomes increasingly difficult and financial services become unattainable.

Cooperatives which arise from the community needs, which are close and knowledgeable about their clients, will always give best financial support for the development of the communities, mainly in the rural sector. That is the goal of the CAAP!

17/07/2017 14:15

ILO's Impact Insurance Facility, Academy of Learning and Microfact organize training in Microinsurance KPIs in Bangladesh

Practitioners involved with an on-going Microinsurance program and financial decision makers, that want to implement or expand their organisations’ use of KPIs will participate in this 3-days training. It will take place from 7th to 9th of August in Dhaka. Are you interested in this course? Register via this link: http://aolbd.com/index.php?aol/apply

 

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