Getting the most from microfinance - Hand in Hand and FMO
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Josefine Lindange, CEO Hand in Hand International, explains why microfinance is only part of the story in the fight against poverty.
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Getting the most from microfinance - Hand in Hand and FMO
- 1. #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Hand in Hand and FMO To get the most out of microfinance Batrice Wanjiku | Dairy producer and borrower | Kenya Josefine Lindänge Hand in Hand International contact@e-mfp.eu www.e-mfp.eu
- 2. #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Hand in Hand – in the business of beating poverty through grassroots entrepreneurship US$ 250 million in loans contact@e-mfp.eu www.e-mfp.eu
- 3. #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Rethinking rural credit Credit for what? Harnessing potential contact@e-mfp.eu www.e-mfp.eu
- 4. #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Getting the most from microfinance contact@e-mfp.eu www.e-mfp.eu
- 5. #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Working with FMO and Sida Established Hand in Hand Eastern Africa in 2010, so far: Financial and business training provided to 78,000 members Loans to the value of: US$1.9m (through partners, or directly) Three years in - Evaluation out in 2013 41,000 rural farmers trained (80% female) 33,000 enterprises and 44,000 jobs 91% started regular savings; 92% higher incomes Our model is now a platform for Kenya’s Ministry of Agriculture extension services and value-chain work contact@e-mfp.eu www.e-mfp.eu
- 6. #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Meet Alice Maina Alice Maina ǀ Tomato farmer ǀ Gatundu, Kenya contact@e-mfp.eu www.e-mfp.eu
- 7. #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Getting the most out of microfinance With an NGO an MFI can: Access a platform of extension services, entrepreneurial skills, financial literacy training Fill knowledge, capacity and skills gap Lend safely and responsibly See another bottom-line -- businesses and jobs, improved incomes and livelihoods contact@e-mfp.eu www.e-mfp.eu
- 8. #emw2014 EUROPEAN MICROFINANCE WEEK 2014 DEVELOPING BETTER MARKETS Thank you for your attention Josefine Lindänge CEO | Hand in Hand International T: +44 7772 045 224 | + 44 207 514 5091 E: jlindange@hihinternational.org We hope to hear from you soon. Thank you, Hand in Hand International contact@e-mfp.eu www.e-mfp.eu