The document discusses REDCAMIF, a network of microfinance institutions in Central America and the Caribbean. It provides background on REDCAMIF's mission to promote sustainable microfinance services and improve quality of life. The organization's strategic objectives include strengthening national networks, promoting competitiveness and sustainability of MFIs, and increasing access to financial services for families in poverty. REDCAMIF implements various projects and lines of work to create a sustainable environment for microfinance, such as regulatory frameworks, microinsurance, technology platforms, financial education, and programs for financial inclusion. Finally, the document reviews the 2013 Global Microscope rankings of microfinance business environments, which found that Peru, Bolivia, and Pakistan had the most favorable regulatory frameworks and institutional
One of the greatest knowledge management challenges of corporates is to motivate of the workforce to contribute and self drive the knowledge management systems. This includes
- keeping corporate knowledge bases such as wikis, portals uptodate
- Contribute in knowledge sharing sessions and discussions
- Participate in research activities
- Enhance the social profile of the corporate and employees (blogs, forums, etc)
kxchange is a corporate knowledge management systems that creates a virtual marketplace for knowledge artifacts. More you participate in the knowledge activities, more knowledge currency (KC) you gain. The richest is the most powerful in this open economy. Users can earn, spend, lend or even invest (own business) to earn better share of the money.
The system is free of administration and follows open economy principles of supply and demand.
One of the greatest knowledge management challenges of corporates is to motivate of the workforce to contribute and self drive the knowledge management systems. This includes
- keeping corporate knowledge bases such as wikis, portals uptodate
- Contribute in knowledge sharing sessions and discussions
- Participate in research activities
- Enhance the social profile of the corporate and employees (blogs, forums, etc)
kxchange is a corporate knowledge management systems that creates a virtual marketplace for knowledge artifacts. More you participate in the knowledge activities, more knowledge currency (KC) you gain. The richest is the most powerful in this open economy. Users can earn, spend, lend or even invest (own business) to earn better share of the money.
The system is free of administration and follows open economy principles of supply and demand.
Microfinance regulation, microcredit definition, role microfinance, what is m...SaleWebsoftex
Micro Finance software will print collection sheets. It can restructure and reschedule the loan repayment. There are unlimited numbers of savings products that can be managed through the software which can be associated with any type of customer. The current account can be managed, with or without interests. Visit http://www.microfinancesoftware.net
Presentation given by Ashank Desai, Chairman, Mastek on August 2nd, 2011 at eWorld Forum (www.eworldforum.net) in the session Unique Identification Number (UID)
Some thoughts on municipal bonds 31 07-2017Geetali Tare
The concept of capability traps and isomorphic mimicry has ben propagated by Prof. Lant Pritchett and Prof. Matt Andrews of Harvard Kennedy School. Their focus is public policy and development issues. I have applied these concepts to the process of municipal bonds currently unfolding in India.
Water operators: The Global Water Operators’ Partnerships Alliance (GWOPA). Jose Luis Martin Bordes, Programme Officer, GWOPA. Techniques and models to further water cooperation to improve water efficiency and water services in cities. International Annual UN-Water Zaragoza Conference 2012/2013. Preparing for the 2013 International Year. Water Cooperation: Making it Happen! 8-10 January 2013
Water cooperation in cities. Marieke Adank, Programme Officer Africa Team, IRC International Water and Sanitation Centre. Techniques and models to further water cooperation to improve water efficiency and water services in cities. International Annual UN-Water Zaragoza Conference 2012/2013. Preparing for the 2013 International Year. Water Cooperation: Making it Happen! 8-10 January 2013
Microfinance regulation, microcredit definition, role microfinance, what is m...SaleWebsoftex
Micro Finance software will print collection sheets. It can restructure and reschedule the loan repayment. There are unlimited numbers of savings products that can be managed through the software which can be associated with any type of customer. The current account can be managed, with or without interests. Visit http://www.microfinancesoftware.net
Presentation given by Ashank Desai, Chairman, Mastek on August 2nd, 2011 at eWorld Forum (www.eworldforum.net) in the session Unique Identification Number (UID)
Some thoughts on municipal bonds 31 07-2017Geetali Tare
The concept of capability traps and isomorphic mimicry has ben propagated by Prof. Lant Pritchett and Prof. Matt Andrews of Harvard Kennedy School. Their focus is public policy and development issues. I have applied these concepts to the process of municipal bonds currently unfolding in India.
Water operators: The Global Water Operators’ Partnerships Alliance (GWOPA). Jose Luis Martin Bordes, Programme Officer, GWOPA. Techniques and models to further water cooperation to improve water efficiency and water services in cities. International Annual UN-Water Zaragoza Conference 2012/2013. Preparing for the 2013 International Year. Water Cooperation: Making it Happen! 8-10 January 2013
Water cooperation in cities. Marieke Adank, Programme Officer Africa Team, IRC International Water and Sanitation Centre. Techniques and models to further water cooperation to improve water efficiency and water services in cities. International Annual UN-Water Zaragoza Conference 2012/2013. Preparing for the 2013 International Year. Water Cooperation: Making it Happen! 8-10 January 2013
MODULE 1: Introduction to Microfinance and Target Groups
The Objectives for this Module are:
-To provide an introduction to basic principles and practices of microfinance
-To introduce participants to the various definitions of microfinance, the evolution of the industry, categories of microfinance and its target group
MICROFINANCE PRACTICES
Microfinance refers to the provision of financial services, such as loans, savings, insurance, and payment systems, to individuals or small businesses who lack access to traditional banking services. It is designed to assist low-income individuals and entrepreneurs in developing countries or underserved communities by providing them with financial resources to start or expand their businesses.
The following are the practices of micro- finance institutions :
1. Financial Education: Providing financial education to clients is an important practice in microfinance. This education can help clients understand how to manage their money, how to save, and how to build their businesses. This practice can also help clients avoid falling into debt traps and manage their debts effectively.
2. Loan Products: Offering appropriate loan products to clients is a key practice in microfinance. Loan products should be tailored to the specific needs of clients and should have reasonable interest rates and repayment terms. MFIs also need to ensure that clients have the capacity to repay the loans they receive.
3. Savings Products: Offering savings products to clients is another important practice in microfinance. Savings products can help clients build their financial stability and achieve their financial goals. MFIs can offer various types of savings products, such as fixed deposits, recurring deposits, and savings accounts.
4. Social Performance Management: Measuring and managing social impact is a critical practice in microfinance. MFIs need to track their social impact and make changes to improve it. Social performance management involves setting social goals, measuring social performance, and making changes to improve social impact.
5. Risk Management: Managing risk is an essential practice in microfinance. MFIs need to identify and manage various types of risks, such as credit risk, operational risk, and market risk. Effective risk management can help MFIs maintain their financial stability and serve clients more effectively.
6. Technology-Based Solutions: Technology-based solutions such as mobile banking, online platforms, and digital payments have revolutionized microfinance by making it more accessible and efficient. These solutions have enabled MFIs to reach more clients and provide services at a lower cost.
ROLE OF MICRO FINANCE IN ECONOMIC DEVELOPMENT – A THEORETICAL PERSPECTIVEKarthika Nathan
Microcredit plays a critical role in empowering women; helps deliver newfound
respect, independence, and participation for women in their communities and in
their households.
Microfinance is the provision of financial services (loans, savings, insurance) to
people on a small scale, such as businesses with low or moderate incomes, but you
can read more meticulous definitions here and here. Loans of micro value are one of
the better known means of helping small business owners in developing countries
move out of poverty. Microfinance Institutions (MFIs) provide loans and savings
services through a variety of lending models, while micro entrepreneurs use these
services. The theory is that if the poor have access to these services, their financial
lives will be more stable, predictable and secure, allowing them to plan and improve
their livelihoods through education, healthcare and empowerment. Microfinance is
also a means for self-empowerment. One of the reasons attributed to interest rates in
microfinance is the high cost of funds – among other sources, microfinance
providers may obtain loans from commercial banks, who lend to Microfinance
Institutions at market rates.
Microfinance Market Global Industry Trends and Forecast (2023-2032)PriyanshiSingh187645
Despite a projected decrease in size from USD 646.25 million in 2023 to USD 228.7 million by 2032, the microfinance market exhibits a positive growth trajectory with a CAGR of 10.41%.
ADB's support for Emerging Microinsurance under JFPR9118: “Developing Microin...ICMIF Microinsurance
This presentation was delivered by Mr Hiroyuki Aoki (Senior Financial Sector Specialist-SERD/ SEPF at Asian Development Bank, The Philippines) at the ICMIF-AOA Development Network Seminar (18-20 September 2013; Manila, The Philippines)
Microfinance and financial inclusion conference @ ucspLuis Garate
Peru constitutes a paradigm in microfinance at world level. The Peruvian experience is being replicated in several countries; this process constitutes a successful experience in the development area.
The objective of this presentation is convey the knowledge about the role of the microfinance and understand the progress and challenges that this sector is facing.
The presentation includes:
1. Importance
2. What Financial Inclusion means?
3. How is going on in Peru?
• Financial System
• Microfinance Institutions
4. What else to do?
5. Opportunities
6. Final notes: Thoughts
Micro-Finance in Global Prespectives.pptxBijoyDas79
**Micro-Finance in Global Perspectives**
Microfinance, with its roots dating back centuries and its modern evolution driven by pioneers like Dr. Muhammad Yunus, represents a powerful force in global finance. Its historical journey encompasses early community-oriented pawnshops, 19th-century cooperative lending banks in Europe, and the birth of "modern microfinance" in rural Bangladesh. Over the years, microfinance has grown into a global movement, attracting substantial foreign investments and involvement from large banking institutions. With a diverse range of financial services, including small loans, savings, and insurance, microfinance aims to promote financial inclusion and empower low-income individuals, particularly women, across the world. Its adaptability, sustainability, and emphasis on entrepreneurship make it a critical tool in the fight against poverty and a key driver of economic development on a global scale. The global microfinance market continues to expand, offering hope and opportunity to millions of people who lack access to traditional banking services.
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: how Equitas does integrated health and microfinance
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: action planning
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: client testimonies
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: Bandhan's market research
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: intro, objectives, and the agenda
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: intro to integrated health and microfinance
This course will inform, engage, and prepare participants who are considering the feasibility and benefits of adding health to microfinance. The training will provide experience-based examples, lessons learned, cost information, and discussion about addressing the link between poverty and ill health without taking MFIs off-track or incurring undue expenses.
This PPT: how and why to do market research
This one-day workshop will introduce the pathway that financial service providers can take to enhance their social performance management (SPM) practices, using the Universal Standards for Social Performance Management (“Universal Standards”) as a framework for improving practice. Case studies and activities will make the day as interactive as possible. The target audience for this workshop is associations and direct service providers.
The day will start by quickly defining SPM and exploring its importance to an institution’s clients and business. Participants will take a deeper look at the Universal Standards and learn how to use the SPI4 Audit Tool to assess their current level of implementation of the Universal Standards. We will also discuss key resources available to help financial service providers institute changes after they assess themselves.
This course will prepare microfinance practitioners to understand and provide financial and non-financial services to rural and urban youth. The course will introduce participants to best practices for serving youth, help them to understand the differences between rural and urban youth financial service provision, and detail specific products and service delivery models. To ground the information in concrete examples, the training will also involve a live case study component, where participants will be able to engage with representatives of financial institutions in the MENA region that are currently offering financial services to youth.
You have helped your clients see themselves and their families in a new light as economic actors. You can do the same for their lives as civic actors. The nations of the world have agreed to the Sustainable Development Goals, goals such as eradicating extreme poverty, eliminating preventable child deaths, and ensuring all children complete secondary school all by 2030. In this training you will learn how to empower your clients to use their voices as citizens on issues that matter in their lives, the lives of community members, and across their nation. By helping clients influence village leaders and members of Parliament through advocacy, we will make the SDGs real.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The role of national and regional networks in creating an environment for sustainable microfinance reynold walter
1. The Role of National and Regional
Networks in creating a Sustainable
Environment for MIcrofinance
Reynold O. Walter P.
Founder of REDCAMIF
Manila, Philippines, October 2013
2. Background
Antecedentes:
The Central American and the
Caribbean Microfinance Network,
REDCAMIF, is a private entity,
made up of Associations and
institutions
specialized
in
Microfinance of the Isthmus of
Central
America
and
the
Caribbean.
The purpose of REDCAMIF is to
facilitate
assistance
to
the
promotion and development of
Microfinance Institutions (MFI s)
and to the permanent sustainability
of financial services, addressed to
the MIPYME sector in the Region.
3. MISION
REDCAMIF aims to consolidate the microfinance
industry in Central America and the Caribbean,
through
union
representation,
institutional
strengthening, the pursuit of sustainability of
Networks, and the creation of strategic alliances, in
order to contribute to improving the quality of life of
men and women living in poverty.
VISION
To be the representative organization of the Central
American and the Caribbean Microfinance Network,
with leadership worldwide, which promotes high
standards and implements financial, social and
environmental performance, based on principles,
ethical values and gender equality.
4. Objetivos Estratégicos:
STRATEGIC OBJECTIVES
1. Positioning, Incidence and Strengthening of the
REDCAMIF System.
2. Promote products and services competitiveness and
sustainability of Microfinance Institutions MFI s,
through National Networks in the Isthmus of Central
America and the Caribbean.
3. Promote equal access to families in poverty, to
innovative financial and no financial products and
services, to improve their quality of life.
6. ORGANIZATION CHART REDCAMIF
General
Assembly
External Audit
Board of
Directors
Working
Committee
Gender
GDS
Technical Executive
Committee
Technical
Coordinator
Rural
Finances
Executive
Direction
Working
Committee
Micro
Insurances
Assistant
AdministrativeFinancial
Coordinator
Program
Coordinator
National Microfinance Network (7)
MIcropensions
7. REDCAMIF: Strategic Lines and Projects that promote a
Sustainable Environment for Microfinance
Regulatory Framework and Public Policies
To look for incidence in public polices, legal and regulatory
frameworks, international treaties, so that Microfinance sector
is benefited and strengthened, in the Central American
Isthmus.
Micropension Programs
Pension fund for micro and small entrepreneurs who do not
receive social security benefits in their countries, so that their
quality of life improves, when they reach retirement age.
Micro Insurances
System that uses the insurance mechanism and whose
beneficiaries are people excluded from formal systems of
social security protection; particularly, informal economy
workers and their families.
8. REDCAMIF: Strategic Lines and Projects that promote a
Sustainable Environment for Microfinance
Microfranchise
Microfranchise is an innovative business model that promises to
generate economical opportunities within pyramid populations, who
do not necessarily possess a great entrepreneur spirit, or technical
abilities; however, they could run a successful business.
Microleasing
It is a small-amount leasing contract that allows a financial institution
to acquire specific equipment, previously requested by a customer
selected. The main aspect of this contract is that the legal property
of the item is separated from its economic use.
Microfactoring
They are factoring operations for small producers that allow them to
discount the value of their product sales invoices to paying
customers, so that the product gets liquidity immediately.
9. REDCAMIF: Strategic Lines and Projects that promote a
Sustainable Environment for Microfinance
Collecting Services
It a service provided by Microfinance Network Institutions, when risk
portfolio has reached the limit days permitted by an Institution; therefore,
diverse cases are grouped in geographical zones where some collection
agents visit delayed payment customers from various organizations, from
their Network.
Credit Bureaus
It is a private institution, independent from financial, commercial and
governmental institutions that pursue to provide information concerning
people obligations towards their credits, to affiliated companies.
Technology Platforms Unified for Microfinance
Regional and National Networks have a great opportunity to perform
business increasingly, regarding technology services, identifying possible
outsourcing alliances that provide opportunities to their institutions, so
that they can specialize in microfinance products and services.
10. REDCAMIF: Strategic Lines and Projects that promote a
Sustainable Environment for Microfinance
Second-Floor Funds (SICSA)
Second-Floor Banking is a group of financial institutions that do not assist
either directly or personally to the customers of the financial system, but
they act as intermediaries between them and the financial institutions in
order to manage resources.
Financial Education
Its objective is to form and train technicians, personnel, professors,
Microfinance staff, training entities, academic sectors; among others, who
work with groups of entrepreneurs for the development of the MIPYMES
in every country.
Rural Finance and Environment
They are all rural services that can be offered from a Network of
Microfinance, focused on strengthening Microfinance operations of an
Institution and the can be: innovation of rural and environmental finance
services, rural and environmental credit funds, technical assistant fund to
customers, knowlege management and financial and environmental
education to customers.
11. REDCAMIF: Strategic Lines and Projects that promote a
Sustainable Environment for Microfinance
Financial Inclusion
It is the sustained access and use in equality of conditions for the
population, to a group of financial products and services; including
credit, deposit accounts, insurances, pensions and payment services,
among others.
a) Non bank correspondents
Distribution channel that allows credit institutions to provide
Microfinance services, under their full responsibility, through outsourcing
(commerce), with the purpose of reaching those regions where
Microfinance service is limited.
b) Remittances
Resource transferences from people abroad, mostly from the United
States but also from any place in the world to Latin America, sent to
people living in their native country. These resources may come from
family or friends.
c) Mobile Banking
Service provided to customers from their financial institution, to have
access to information from transactions, through their cellular
telephones.
12. REDCAMIF: Strategic Lines and Projects that promote a
Sustainable Environment for Microfinance
d) Conditional Transfer
Delivery of transference of economical and non economical
resources to families living in poverty or extreme poverty, who have
one or more underage children, upon condition that they may
improve the quality of their human capacities. In some programs,
there are other categories of support: non employed adults, people
with disabilities, and elderly people; which allows families without
underage children, to be beneficiated.
e) Social Interest Housing
It is defined as a housing solution with the purpose of solving the
situation of the lack of houses in the most socially deprived areas,
where families remain in compelling economical conditions.
13. Microfinance 2013 Global Microscope
Communication The Economist, Intelligence Unit, London, July 2013
With the support of FOMIN, BID, CAF, CIF/ACCION, and CITI Microfinance
Global Microscope –Business Environment in Microfinance 2013
Findings after analyzing Microfinance environment in 55 countries of the world.
Categories of Analysis:
Regulatory Framework and Practice
Microcredit portfolio regulation and supervision
Creation of regulated/supervised microcredit institutions
Creation / operation of non regulated microcredit institutions
Regulation and supervision capacity of Microfinance (including credit
and other services).
Regulatory Framework for the fundraising of deposits.
Institutional Framework for Support
Accounting Transparency
Protection to clients: transparency of prices
Protection to clients: resolution of risk central conflicts.
Regulation and implementation of financial transactions through
agents
Adjustment Factor: Stability
Political commotions affecting Microfinance
Political stability
14. Scores of the first 10 countries of the
Microfinance Global Environment
Sum of Scores from Categories 0 to 100, where 100 is the most favorable
15. 10 better qualified Countries
Global Microscope – Business Environment for Microfinance 2013-
10 Dominican
Republic
4 Philippines
8 El Salvador
7 Colombia
1 Peru
2 Bolivia
CONTINENT
3 Pakistan
COUNTRIES
LATIN AMERICA
5
ASIA
3
AFRICA
2
8 Uganda
5 Kenya
6 Cambodia
16. Mayan Civilization!!
Thank you for your attention!!!
Reynold O. Walter P.
rwalter@fafidess.org
Manila, Philippines, October 2013