Monday 14th November, 2011
4:30pm to 6:00pm
What Is the Problem: Getting an Empowering Regulatory Framework that Allows Taking and On-lending Deposits and Truly Works for MFIs, Their Clients and the End of Poverty
Most microfinance institutions in developing countries evolved as micro-credit
organizations, with savings being complimentary to credit and often mandatory and used as collateral. To date most MFIs cannot legally take deposits - yet savings are an important source of funding and driver to sustainable growth and scale of these institutions.
In response to this challenge, a number of countries have attempted to implemented new policy and regulatory frameworks for deposit taking MFIs.
Although the new microfinance legislations have somewhat underpinned public confidence in a sector, the new business model is facing a number of challenges. What is the problem? How do get an empowering regulatory framework that allows taking and on-lending deposits and truly works for MFIs, their clients and the end of poverty?
The paper will seek to address these and related issues, drawing from the experiences of Uganda, Kenya, Nigeria, and India - among others.
President & CEO, Women's World Banking, USA -
Director, AEMFI, Ethiopia
Executive Director, Sa-Dhan, India
Department Head for Multilateral Cooperation, Spanish Agency for International Development Co-operation (AECID), Spain
Senior Specialist, Inter-American Development Bank, USA
Sign in to add slides, notes or videos to this session