Transforming Microfinance Institutions

Transforming Microfinance Institutions

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In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organizations to regulated deposit-taking financial intermediaries. In response to this trend, this book presents a practical 'how-toq manual for MFIs to develop the capacity to become licensed and regulated to mobilize deposits from the public. qTransforming Microfinance Institutionsq provides guidelines for regulators to license and regulate microfinance providers, and for transforming MFIs to meet the demands of two major new stakeholdersqregulators and shareholders.q As such, it focuses on developing the capacity of NGO MFIs to mobilize and intermediate voluntary savings. Drawing from worldwide experience, it outlines how to manage the transformation process and address major strategic and operational issues inherent in transformation including competitive positioning, business planning, accessing capital and shareholders, and how to qtransformq the MFI's human resources, financial management, MIS, internal controls, and branch operations. Case studies then provide examples of developing a new regulatory tier for microfinance, and how a Ugandan NGO transformed to become a licensed financial intermediary. This book will be invaluable to regulators and microfinance NGOs contemplating institutional transformation and will be of tremendous use to donors and technical support agencies supporting MFIs in their transformation.Annex 3C Sample Terms of Reference for a Transformation Manager Background Background on the organization including its ... (TM) to manage the transformation process and to coordinate the outsourcing of technical and other assistance.

Title:Transforming Microfinance Institutions
Author:Joanna Ledgerwood, Victoria White
Publisher:World Bank Publications - 2006-01-01


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