“MFI Out Of A Box”, toolkit launched to support Startup MFIs

Microfinance Focus, Nov. 4, 2009: RBS Foundation India and MicroSave launched the ‘MFI Out Of a Box’ toolkit. The toolkits provide a comprehensive beginner’s guide on details for all the operational, legal and strategic issues to be considered to start a Microfinance Institution (MFI). It is targeted for both emerging MFI’s, already in operation, to align their systems to best practices and entrepreneurs/promoters looking to start-up their own Microfinance Institution.
MFI ‘Out Of A Box’ has three components within the series – based on the operational lending model adopted by MFI’s, first being for Joint Liability Group based MFI’s (JLG), second for Self Help Group (SHG) based systems and third for Individual Lending (IL) model-based MFI’s. The toolkit will offer an individual module for each operating model that will contain a complete set of templates, samples, documents, and videos that address a broad range of topics on the professional management of MFIs. In addition to publications and the operational documents specifically designed for the toolkits.
The launch was hosted by Ms. Meera H Sanyal, Country Executive – India, ABN Amro Bank N.V. and Mr. Graham Wright, Programme Director, MicroSave. Mary Ellen Iskenderian, President & CEO of Women’s World Banking (WWB) and Mr. Swaminathan S. Anklesaria Aiyar, Consulting Editor, Economic Times were also present at the ceremony.

Speaking at the launch, Ms. Meera H. Sanyal, Country Executive – India, ABN Amro Bank said, “The launch of the ‘MFI Out Of A Box’ toolkit marks a new beginning towards a transparent and responsible approach to building sustainability in microfinance.  This initiative will ultimately enhance financial access to millions of excluded families.”
Mr. Graham A.N. Wright, Programme Director, said that MicroSave is committed towards capacity building of the microfinance sector to enable efficiency in operations and the delivery of a diverse range of products to fulfill the needs of the clients in underserved geographies

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