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Regional Experiences With Microfinance For Poverty Eradication
Regional Experiences With Microfinance For Poverty Eradication
Regional Experiences With Microfinance For Poverty Eradication
Mongolia
Singapore
New area: Laos, Cambodia, Vietnam , Mongolia , China Afghanistan Iran , Pakistan Myanmar Pakistan
India Nepal
China
Taiwan
Philippines
Cambodia Brunei Malaysia Singapore I n d o n esi a East Timor Papua New Guinea
Lessons Learnt:
Credit Unions Microfinance Services to the Poor
Microfinance is not something that credit unions started doing in the last 20 years . . .
Today credit unions exist and strive in every region of the world . . .
s g n i v a s ed edit e n r y c e h n T a h t e r o m
How credit unions demonstrated they can provide microfinance services to the poor and lowincome communities in sustainable way?
Everybody has the right to belong to a safe and sound credit union
Can take advantage of social capital in situations where financial capital is scarce.
Low Investment
Low Profit
More Income
How the credit union help members improve their lives? Assist members achieve their financial goals Self-reliant Assist members develop financial discipline- family budgeting. Save first before spending Provides loan for productive purpose to create self-employment
G G COOP
SHG
G G G G
Group Level
SHG
SHG Level
Microfinance Methodology
1. Survey of the Area 2. Meeting with Village Head 3. Motivation with target groups 4. Group Formation 5. Learn & Save Sessions (within 3 months)
7. Loan Granting
9.2
Savings & loan repayment collection
IGP
SelfEmployment
Microenterprise
Entrepreneurship Ladder
Large Enterprise
Promotion of Entrepreneurship
Have Less
Access to Credit
How much importance credit unions placed on its sustainability to continually serve the community?
Depositors
Share Savers
Employees
Borrowers
TrustSafe Products & Services Worthy People Institution Monitoring & Evaluation Systems - Integrated System
App e ar anc e
Financial Disciplines Market Information Human Resource & Administrative & Product Devt. Development Control Systems System System
Policies - Comprehensive
Uncompromised Financial Strength & Administrative Controls, Standardize Operations