Tuesday, 7 December 2010

INAFI International signs partnership agreements with migrant organizations in Belgium, Luxembourg, and The Netherlands

International Network of Alternative Financial Institutions (INAFI International) recently signed partnership agreements with CGMD, FAAL, and DFD  to collaborate the project  “Harnessing the potentials of remittances for development in Africa by linking microfinance institutions (MFIs) and immigrant associations in Europe”(MIGR/2008/153-811), a three-year project funded by the European Commission. The project aims to actively involve diaspora organizations in various activities by forging partnerships.

Soukeyna Ndiaye Ba, Executive Director of INAFI and Pape Sene, President of Coordination Générale des Migrants pour le Développement (CGMD) signed the partnership agreement after the workshop was conducted at the Centre culturel ELZENHOF in Brussels last November 26. The workshop was attended by about 65 participants representing various African diaspora organizations based in Belgium. CGMD is a federation of various diaspora organizations based in Belgium which are actively involved in migration and development.



 In Luxembourg, INAFI signed partnership agreement with the Federation des Associations Africaines du Luxembourg (FAAL) represented by David Foka, President of FAAL. FAAL is a federation of African diaspora organizations based in Luxembourg which primary objective is to facilitate integration of migrants and combat racism and discrimination. Ndiaye Ba signed the agreement representing INAFI International last November 30 at Abbaye de Neumünster, Luxembourg.







Then on December 3, partnership agreement was signed between INAFI International and Diaspora Forum for Development (DFD) at The Hub, Amsterdam, The Netherlands. DFD D) is a platform of more than 40 diaspora organizations, platforms and networks representing more than 30 countries coming from Africa, Latin America and Asia. Santo Deng signed the agreement on behalf of DFD.



The Migrant Tour was launched last October  21 in Montreaux, Switzerland where  INAFI signed  partnership agreement with World Diaspora Fund, a Swiss-based Cooperative which offer migrants a secure investment vehicle that will contribute to the development of their countries of origin. WDF invests through loans, guarantees, or even taking stakes in microfinance institutions in the South. The Fund will also participate in financing infrastructure identified by the migrants. The WDF also invests through guarantees, loans and equity in Microfinance institutions that are regulated and sustainable. It will also participate to the co-financing of infrastructures proposed by the migrants. The WDF will invest through loans, guarantees, or even taking stakes in microfinance institutions in the South. The Fund will also participate in financing infrastructure identified by the migrants.

The project to foster the links between migration and development is being implemented by IINAFI International and Oxfam Novib. The project aims to achieve financial access for migrants and families, and enhance money transfer competition by providing knowledge, technical assistance, and building partnerships to and with immigrant associations in Europe, microfinance institutions in Africa and money transfer operators.

The project will train and enable 10 microfinance institutions (MFIs) located in 10 Sub-Saharan Africa (SSA) countries (Benin, Burkina Faso, Ethiopia, Ghana, Kenya, Mali, Nigeria, Senegal, Tanzania, and Uganda) to increase their competitive edge in money transfers services and other financial-driven instruments. It will also enable MFIs to build partnerships including a co-development program with immigrant associations working or residing in ten European countries (Belgium, France, Germany, Italy, Luxembourg, Netherlands, UK, Spain, Switzerland, and Sweden).

The Migrant Tour was coordinated by Jean Pouit, Project Manager and Daniela Russo, Project Officer. Leila Rispens-Noel, Senior Advisor of INAFI International also participated in the events conducted in Belgium, Luxembourg, and The Netherlands.

Wednesday, 24 November 2010

REPORT: INAFI Joins GFMD 2010 in Puerto Vallarta, Mexico

The opening of the GFMD

More than 400 delegates and observers from 80 countries, representing migrants and a wide range of other civil society actors, international organizations and 33 governments, met during the Civil Society Days of the Global Forum on Migration and Development in Puerto Vallarta to discuss the theme of this year’s meeting--"Partnerships for Migration and Human Development: Shared Prosperity, Shared Responsibility." The event was honored by the presence of H.E. Felipe Calderon Hinojosa, President of Mexico and the active participation of the First Lady, Sra. Margarita Zavala.

In September 2006 the General Meeting of the United Nations organized the High Level Dialogue on International Migration and Development. More than 140 State Members analyzed the global consequences of the international migration and its relationship with the development and proposed an informal dialog over six years.

GFMD is a process wherein the governments participate voluntarily, informally and not bindingly. Policymakers from all over the world participate to share experiences, identify the best practices and encourage cooperation among nations to use migration for the benefit of development. The first GFMD was carried out in July 2007, in Brussels, the second one in Manila (October 2008) and the third one in Athens (November 2009).

BBVA Bancomer Foundation hosted the 4th edition of the Civil Society Days (CSD) within the framework of the Global Forum on Migration and Development 2010 (GFMD). These two events took place successively: the first one with representatives of the Civil Society and the second one with representatives of the State Members of the United Nations. The GFMD 2010 was organized by the Ministry of Foreign Affairs and the National Migration Institute of Mexico.

The statement issued by Civil Society Days to the government emphasized that "the right to development is a basic human right; it is far more than economic growth. It is a holistic principle that guarantees the social, economic and cultural rights of all, including migrants; it must include opportunities for human growth, access to decent work at home and abroad, health care, education, security of life and person, and full participation in political and social processes. In short, there can be no real development without human rights."

The Dutch delegation together with the official representatives
 of the Dutch Ministry of Foreign Affairs

Leila Rispens-Noel, Senior Advisor at International Network of Alternative Financial Institutions (INAFI) was accredited to attend the Civil Society Days Global Forum on Migration and Development 2010 which was held last November 8-9 in Puerto Vallarta, Mexico. She was asked by the GFMD organizer to moderate Session 2.1 titled Recognition, Empowerment and Capacity Building of Migrant Organizations. The panel consisted of Carlos Zarco, executive director at Oxfam Mexico, Agustín Escobar Latapí of Centro de Investigaciones y Estudios Superiores en Antropología Social (CIESAS), and Richard Mandelbaum of CATA-Farmworkers acted as rapporteur. The participants clarified that the  term capacity building should be interpreted in a holistic sense, meaning: providing migrants and their organizations with the skills and tools needed to facilitate empowerment and active involvement in processes and decisions that affect their lives (such as development projects, policy setting and governance, etc.)

Key recommendations, to whom and partners to involve:

1. Migrants need to be empowered to defend their human and labor rights in order to combat exploitation and abuses.  Migrants’ rights including the right to form and join existing trade unions must be recognized.  States should ratify and implement the International Migrant Workers Convention.  States must implement international treaties that they have ratified by incorporating them into national legislation and practices.  The global trend of criminalization of migration including the militarization of borders and the detention and deportation of undocumented migrants, should be reversed.

2. Resources need to be increased by governments, foundations, and other donors for capacity building of migrants organizations including the areas of finance, organizational skills, and education, including recognition of and granting access to resources to small diaspora organizations and binational organizations and their work in both countries of origin and destination.  This effort should be sustained over time.  Positive contributions by migrants to development in their home countries should be recognized.

Recommended practices related to the recommendations:

1.  Remittances should be leveraged for development, while at the same time recognizing the potential pitfalls, i.e. not to rely on remittances alone.  Migrants and their families in countries of origin should be empowered to be able to handle their finances effectively to maximize community development.
2. Accountability: While resources need to be focused on migrants organizations that have a track record of success and concrete results, capacity building should take place continually to empower new organizations.  Migrants’ organizations and programs that promote social, political, and economic integration should be supported in particular.
3. States should engage in binding and formal processes to adhere to Human Rights standards in migration policy and implementation.  Civil Society needs to hold States accountable.  States’ policies should promote acceptance and tolerance of migrants and their beneficial impact in countries of destination. 
4. States should institutionalize a permanent role for Civil Society and migrants’ organizations in policy setting from the national to international levels.
5. Future of the Forum: The GFMD should be returned to the United Nations system.

Before attending the GFMD in Puerto Vallarta, she also attended the People’s Global Action as part of the Global Forum on Migration and Development (GFMD in Mexico City last November 2-5.  INAFI together with Diaspora Forum for Development organized a well-attended workshop on European Network of Diaspora Associations – Building partnerships: The European experience. Leila gave a presentation on how INAFI established partnership with Diaspora Forum for Development and the EC-funded project on Harnessing the Potentials of Migrants by Linking Microfinance Institutions and Immigrant Associations. The aim of the project is to leverage remittances for development by linking MFIs and migrants’ remittances. The workshop was well attended which was held at Fiesta Inn.

The objectives of the workshop were:

1. To discuss how to reinforce the EU-wide Network among Diaspora organizations and institutions so as to establish viable contacts, learn from each others’ on development-related activities related to effective protection of economic, social and cultural rights of migrants and their families.
2. To discuss how best Diaspora organizations can initiate feasible cooperation and act jointly on integrating an international human rights framework and principles for the protection of migrants, as well as, to increase the participation of civil society organizations like Oxfam Novib and INAFI.
3. To learn more about different experiences, lessons and challenges of technological innovation such as social media as factors for enhancing the right to access to information as basic tool for development.
4. To discuss how best we can develop effective networks among Diaspora organizations which will enable them to enter into strategic alliances and initiate joint development projects across countries. Present cases and examples of successful collaboration among Oxfam Novib’s local partners to empower communities of origin to participate in public policy processes. 

The DFD-INAFI workshop with support from Oxfam Novib drew positive responses from the participants. Sustainability of the migrants-driven initiative was the key issue brought up during the workshop.

Meeting with UN-EC JMDI Team
During the two events, Leila took the opportunities to meet several key people. She had meetings with the Philippine Government delegations, and informal talks with representatives from IFAD, UN-EC Joint Migration and Development Initiatives (UN-EC JMDI) where she serves as a member of the Advisory Board, Marianna Torres Blair, President of GFMD 2010, and Migration Policy Institute. She also joined DFD during the interface with the representatives of the Dutch Ministry of Foreign Affairs.  At the forum, she linked up with other groups which advocate more visibility of migrant-driven co-development initiatives at the GFMD.

After the GFMD, Leila stayed for another week to visit various projects of the Federation of Zacatecans in Zacatecas located in the central highlands of Mexico, the birthplace of the tres por uno program. During her visit, she facilitated a meeting to open possibilities to set up a migrant-powered microfinance institution in Zacatecas with possible collaboration with Oxfam Mexico. Matt Rolland, a Fulbright scholar at the University of Zacatecas is prepared to write a mapping study on the feasibility of the project which will form as a basis for further discussion.


Source: Info about GFMD are excerpts taken from GFMD 2010 website

Monday, 22 November 2010

Information Session: Netherlands

Download Program Netherlands PDF


The Diaspora Forum for Development (DFD) in cooperation with Oxfam Novib (ON) and INAFI International will conduct an information session on migration and development project which aims at facilitating financial access for the families of migrants as well as reduce transaction costs of remittances.

The project, Harnessing the Potentials of Migration and Development: Linking Microfinance Institutions and Immigrant Associations is coordinated in partnership with the International Network of Alternative Financial Institutions (INAFI) and funded by the European Union.

As part of the preparatory phase in each target country, information and consultation meetings are scheduled with migrant organisations, MTOs, MFIs, and other actors enabling remittance transfer. In this light, DFD, INAFI International, and Oxfam Novib are happy to invite you to the Netherlands kick-off information meeting on:

Friday, 03 December 2010
18:00 – 21:00
The Hub Amsterdam (E-motive)                                                                                        
Westerstraat 187, Amsterdam



For more information

Vincent Gambrah
Email: gambrahv@afroeuro.org  / Tel: 06 1812 6917
Grace Cabactulan
Email: g.cabactulan@d-f-d.org / Tel: 06 2255 8312

More information about DFD and Oxfam Novib, visit: www.d-f-d.org / www.oxfamnovib.nl

EUROPEAN MIGRANT TOUR: 26 November 2010

Dowload Program PDF




LIEU : Centre culturel ELZENHOF, Avenue de la Couronne 12, 1050 Bruxelles

RENFORCEMENT DES POTENTIELS DE LA MIGRATION POUR LE
DEVELOPPEMENT PAR LA LIAISON ENTRE LES INSTITUTIONS DE
MICRO-FINANCE & LES ASSOCIATIONS ISSUES DE LA MIGRATION

PROGRAMME 

14H00 - 14H10      : Discours d'ouverture de la rencontre par le Président de CGMD, Mr Pape SENE.

14H10 – 14H30     : Introduction du projet par la Directrice Exécutive d'INAFI International, Mme Soukeyna NDIAYE BA

14H30 – 15H00     : Présentation des activités du projet UE INAFI Remittances & du compte Epargne Migrant par le Project Leader Oxfam Novib, Mr Jean POUIT

15H00 – 15H15     : Pause café

15H15 – 15H30     : Présentation des premiers résultats de l'étude de l'Universite de Maastricht par la Project Manager, Oxfam Novib,  Mme Daniela RUSSO

15H30 – 15H45     : Présentation de la formation gratuite pour 120 migrants par la Project Manager, Oxfam Novib - Mme Daniela RUSSO

15H45 – 16H25     : Débat

16H25 – 17H00     : Repas

Modérateur : Wamu Oyatambwe, CGMD
Rapporteur   : Arthur Yenga, CGMD
Assistants   : Consuelo Perez, CGMD
                   : Ullah Raheel, CGMD


Saturday, 20 November 2010

Ethiopia's Amhara Credit and Savings Institution (ACSI) won the Microfinance Institution of the Year Award.


INAFI International congratulates ACSI for winning Microfinance Institution of the Year Award.


010 African Banker Awards winners announced

WASHINGTON, DC: The Moroccan bank Attijariwafa took home African Bank of the Year, and the Best Local Bank in Africa award went to Banque Internationale Arabe Tunise (BIAT) at the 2010 African Banker Awards. The winners were announced at a gala dinner and awards ceremony at the Willard Intercontinental Hotel in Washington, DC on Friday, 8 October 2010.

click to enlarge
East Africa's Dr. James Mwangi, MD and CEO of Kenya's Equity Bank picked up the African Banker of the Year award. He was cited for revolutionising Kenya's banking industry, pioneering the first mobile banking technology in the world to reach out to the unbanked, and for championing the empowerment of ordinary people through inclusive finance.

Syda Bbumba, minister of finance, Planning and Economic Development of Uganda was awarded Minister of Finance of the Year, for reducing inflation and instituting sound fiscal and monetary policies which have contributed to a growing economy.

Ethiopia's Amhara Credit and Savings Institution (ACSI) won the Microfinance Institution of the Year Award. Nigeria's Access Bank and Stanbic IBTC won the Socially Responsible Bank of the Year and Best Issuing House awards respectively.

New call for Innovation grants

The Facility has issued a new call for proposals for its innovation grants programme. Sponsored by the Z Zurich Foundation, the focus of this round is on 'scale and efficiency'. The Facility seeks to promote microinsurance projects that utilize technology and process innovations to increase operational efficiency to protect large numbers of low-income households. Check Round 5 guidelines and application form - (pdf 1,69 MB) or go to theonline application. Deadline to apply is January 25, 2011.



ILO’s New Call for Innovation Grants

BY FUNDSFORNGOS, ON NOVEMBER 11TH, 2010
The Microinsurance Innovation Facility housed at the International Labour Organization’s (ILO) Social Finance Programme has launched a new call for proposals under the new Round 5 of its innovation grants programme.
Under this application window, the Facility expects to support three to five large grants, between US$100,000 and US$500,000, and four or five small grants (less than US$100,000).
The Facility seeks to promote microinsurance projects that utilize technology and process innovations to increase operational efficiency to protect large numbers of low-income households. The present call is sponsored by the Z Zurich Foundation and it has a focus on ‘scale and efficiency.’
In Round 5, applicants that propose to use technology and other innovation to create operational efficiencies and/or allow organizations to server large number of poor households will be selected. The focus is not just technology, but also on process chances that can help in the efficient scaling up of operations. We are interested in the entire gamut of operations ranging from the client interface at the front end, to the processing of applications, claims and renewals at the back end, and mechanisms that hold the supply chain together.
The Facility prefers to support efforts to expand, improve or build on existing microinsurance programmes.
Applications have to be submitted online through the ILO website. The deadline for submission is 25 January 2011. For more information, visit this link.




Read more

Source Link: http://www.fundsforngos.org/latest-funds-for-ngos/ilos-call-innovation-grants#ixzz15rPoJCRa 
Copyright©FUNDSFORNGOS.ORG. Do not remove this link. 
Under Creative Commons License: Attribution

Statement by Alex Counts, Grameen Foundation President and CEO, about the Microfinance Sector in India

Recent reporting about the activities of for-profit microfinance institutions (MFIs) in India, specifically in the state of Andhra Pradesh, has raised important questions about whether microfinance is delivering on its promise to empower poor people. We take the concerns raised extremely seriously and are following developments on a day-to-day basis through our India-based team.

Though Grameen Foundation is not currently working with any of the MFIs that have been caught up in the allegations in Andhra Pradesh (our efforts in India are currently focused on the least-served states, in the north and east of the country), we have worked with and observed the Indian microfinance sector for more than a decade. We have seen its many challenges, as well as the hard work of MFIs and others to improve accountability and service to borrowers. Grameen Foundation strongly believes that MFIs must measure their social performance as rigorously as they measure financial performance – in other words, they must demonstrate that they are reaching the poor and poorest, and that these borrowers are moving out of poverty over time. Read more

Thursday, 11 November 2010

JOB VACANCY: Webmaster Joomla bilingue INAFI Dakar (CLOSED)

Détail du poste

APPLICATION IS NOW CLOSED

Webmaster Joomla bilingue INAFI Dakar
INAFI International - Dakar
Date de clôture : 12 déc 2010

Lieu :
Sénégal

Description du poste :
Dans le cadre de son projet "Mobiliser les potentiels de la migration pour le développement en liant les institutions Microfinance et les associations de migrants" financé par l'Union Européenne en partenariat avec Oxfam Novib, INAFI International recherche un consultant Webmaster Joomla bilingue sur une durée de 14 mois à son siège de Dakar.
Dossier d'appel d'offres Union Européenne (en anglais) accessible ici
Date limite: 12 décembre 2010

Responsabilités :

  • Webmaster du site INAFI.org




  • Gestionnaire de la base des migrants et des parties prenantes du projet




  • Création et modération de fonctions communautaires pour les migrants




  • Support informatique pour INAFI International et ses affiliés concernant les activités du projet








  • Compétences/qualifications/expérience :

  • Bilingue Français-Anglais




  • Expert en Joomla (gestionnaire de contenu Open Source)




  • Bonne compréhension des standards du développement Web comme HTML, PHP, XML, Javascript, CSS, .NET, C# and Visual Studio.




  • Experience dans le design de sites Web




  • Contact :
    Daniela RUSSO
    E-mail:
    Daniela.Russo@oxfamnovib.nl
    INAFI International - Dakar
    c/o Oxfam Novib, Mauritskade 9
    BP 30919
    The Hague 2500 GX
    tel. +3170 3421 862
    fax: +3170 3614 461
    Pays Bas

    Friday, 5 November 2010

    LAPO adopts client protection principles


    Lift Above Poverty, Microfinance Bank Ltd has adopted and embedded the six principles of client protection into her core business operations.
    Godwin Ehigiamusoe, Managing Director, said the six principles are part of  the microfinance-industry initiative to ensure that low-income clients of microfinance are adequately protected against exploitation and un-ethical practices.
    The six principles are Avoidance of Over-Indebtedness, Transparent and Responsible Pricing, Appropriate Collections Practices, Ethical Staff Behaviour, Mechanisms for Redress of Grievances and Privacy of Client Data.
    He noted that LAPO has taken steps to realize the objectives of these principles. These steps according to him include the strengthening of LAPO’s Client Relationship Unit, substantial reduction in interest rates and charges and relevant training for credit staff.

    Tuesday, 26 October 2010

    TOP 100 MICROFINANCE INSTITUTIONS IN SOUTH AMERICA

    INAFI Family congratulates Ecuador’s Fundación para el Desarrollo Integral Espoir.

    Fundación para el Desarrollo Integral Espoir jumped to second place, registering a remarkable advance over the previous year, by virtue of the results it achieved in the efficiency pillar. It effectively applied the community bank methodology, enabling strong portfolio quality (portfolio at risk > 30 days of 1.1 percent) and efficient operations, spreading its per-loan expenditures (US$89) over its entire client base.
    ---------
    The Microfinance Information Exchange along with the Multilateral Investment Fund has released the 2010 list of top 100 Microfinance Institutions in Americas. The Microfinance Americas 100 is a report which focuses on the ranking of microfinance institutions (MFIs) in Latin America and the Caribbean.
    Microfinance Americas 100 ranks the top performing MFIs in the South America and measures their performance on the three pillars of outreach, efficiency, and transparency. Each MFI obtains a certain score by combining the indicators that comprise each pillar. Read more

    Tuesday, 19 October 2010

    UGANDA: Government Releases Sh60 Billion for Saccos

    Kampala — THE Government, through the Microfinance Support Centre, has launched a $27m (sh60b) project to help the rural poor access financial services.

    The rural income and employment enhancement project, jointly funded by the African Development Bank and the Islamic Development Bank, is targeting about 1.4 million poor people. Read more

    PHILIPPINES: BSP allows rural, thrift banks to establish microbanking offices

    Rural and thrift banks may establish microbanking offices (MBOs) in cities and municipalities where microfinance-oriented banking services are unavailable, the Bangko Sentral ng Pilipinas (BSP) said Friday.

    The Monetary Board had allowed the establishment of MBOs to help banks extend the reach of their services in areas where it is economically unjustifiable to set up large-scale bank services, BSP Deputy Gov. Nestor Espenilla Jr. said.
    Read more

    Thursday, 14 October 2010

    INAFI and Oxfam Novib launch project linking microfinance institutions and immigrant associations in Geneva

    Note: If you experience problem in downloading, please refresh your browsers.

    Download (French) INAFI Invitation 20101021
    Download brochure (English) here
    Download brochure (French) here

    Sous le haut patronage de Son Excellence le
     Président de la Commission de l’Union Africaine Docteur Jean PING
     auprès des Nations Unies à Genève
    en partenariat avec le Fonds Mondial de la Diaspora
    Ont le plaisir d’inviter les migrants africains à
    une réunion d’information
    sur le thème des transferts de fonds des migrants via les institutions de Microfinance et leur impact pour le développement
    Lieu: 1, rue de Varembé Genève - Salle du RDC (face à l’IUT et la Place des Nations)
    Date : 21 octobre 2010
    Heure: 18h30-20h
    Entrée libre - Buffet Africain & boissons


    Programme de la réunion:
    -Allocution de S.E. l’Ambassadeur Khadija R. MASRI
    -Allocution de Hon. Soukeyna Ndiaye BA, Présidente d’INAFI International
    -Allocution de Eric ADJA, Président du Fonds Mondial de la Diaspora et conseiller du Président du Bénin
    -Signature du partenariat entre INAFI et le FMD
    -
    (Modérateur Awa NDIAYE, Directrice Générale d’Espace Afrique International)
    -Présentation des activités du projet UE INAFI Remittances  (Jean POUIT)
    -
    -Premiers résultats de l'étude de l'Université de Maastricht auprès de 2000 migrants dans 10 pays d'Europe (Silja WEYEL)
    -
    -Le compte Epargne Migrants: comment une alliance d'Institutions Microfinance africaines pourrait offrir bientôt aux migrants des transferts de fonds gratuits et la gestion de leur compte au pays par Internet et Mobile banking (Jean POUIT)
    -
    -Formation gratuite pour 120 migrants: inscrivez vous pour participer à une sélection des meilleurs projets de co développement et bénéficiez de formations gratuites en gestion de projet, gestion financière, levée de fonds pour accéder aux possibilités de financement (Daniela RUSSO)
    -
    -Questions débat
    -
    Un cocktail et des rafraichissements seront servis à l’issue de la réunion
    Projet financé par l’Union Européenne



    Pour plus d’informations:
    www.africa-union.org
    www.inafi.org
    www.oxfamnovib.nl
    www.diasporafund.org
    www.espace-afrique.ch
    ou écrire à
    daniela.russo@oxfamnovib.nl

    Wednesday, 6 October 2010

    African Banker Awards for the 2010 shortlists ACSI Ethiopia as Microfinance of the Year

    Amhara Credit and Saving Institution (ACSI - Ethiopia) has been shortlisted as Microfinance of the Year by The African Banker Awards for the 2010 edition of the annual event. This year, according to organisers, competition is characterised by a more even geographical spread of financial institutions making the selection cut.

    Other nominees under this category are BRAC Uganda Microfinance Ltd. (Uganda), Equity Bank Ltd (Kenya) First Microfinance Foundation (Egypt) and National Bank for Development (Egypt).

    Source: 

    About ACSI:

    Amhara Credit and Savings Institution (ACSI) is the largest microfinance institution in Ethiopia. Its primary mission is to improve the economic situation of low-income, productive poor people in the Amhara region through increased access to lending and saving services. ACSI was initiated in 1995 by the Organization for the Rehabilitation and Development in Amhara (ORDA), an indigenous NGO engaged in development activities in the Amhara region. ACSI undertook its pilot activities in 1996, and was licensed as a microfinance company in April 1997. The organization has ten branches, 185 sub-branches and over 2000 employees. It focuses on financial services support for small farmers and makes predominantly agricultural loans using the group lending methodology. In 2007, ASCI was ranked sixth in the world and 2nd in Africa by Forbes magazine in a survey listing the top 50 microfinance institutions in the world.

    Email: acsi1@ethionet.et

    Self regulation for a sustainable future

    CHENNAI: A network of NGOs has decided to take the first step towards self regulation by adopting a set of guidelines on financing, administration and ethics to be followed in running an NGO.
    The guidelines, proposed at a conference of NGO leaders, aim to attain sustainability through self regulation and also expected to build confidence of the NGOs with banks, thereby boosting the microfinance sector.
    "Along with the growth and spread of microfinance organisations come concerns over quality and sustainability of the various NGOs and SHGs in question. That's why we have come together to develop a self regulation framework," said M Kalyanasundaram, Chief Executive of the International Network of Alternative Financial Institutions (INAFI), that organised the conference last September 18.
    Among the guidelines adopted were maintaining transparency in book keeping, promotion of financial literacy among microfinance clientele and the facilitation of inclusive financial growth.
    The guidelines also insist SHGs and NGOs to campaign against usurious lending practices in the microfinance sector.
    Banking officials welcome the self regulating initiative with enthusiasm. "SHGs need to keep in mind that banks and other institutional lenders are worried over the repayment of loans. In the absence of regulations, banks can only do so much," said N S Mishra, GM of Indian Overseas Bank.
    He suggested that collectives, like INAFI, that bring SHGs and NGOs under a single banner could help enforce self regulation.


    Source