Whom we support? For what we support?
- Are you interested to know more about the Microfinance?
- Are you looking out to launch a Micro Finance Institution (MFI) in the near future?
- Do you find problems in managing your Microfinance program in a professional way?
- Do you find challenges to scale up your Microfinance program?
- Do you find the problem of lack of funding opportunities limiting your growth opportunities?
- As a Banker, How to increase your Microfinance portfolio by identifying Good MFIs?
- As a Banker, How you can increase your Microfinance portfolio through direct linkage with groups?
- As a CEO of a start-up MFI, whether you feel lonely at the top and do not know whom to share your problems?
- As a NGO transforming your microfinance projects to a MFI, do you find a challenge in transformation?
For all the above pain points or problems or opportunities, virutcham academy offers customized training programs and technical support.
Training Programs
| Category – Microfinance | ||
| Staff of MFIs / Small Finance Banks / Banks / Regional Rural Banks / NBFCs / Cooperatives / Farmers Groups – involved in Microfinance. | ||
| Target groups – Training for whom | Problems faced by the target groups. | Suggested Training program to address the problems. |
|---|---|---|
| Credit officers, Loan officers or Client Relationship officers | High turnover at this level and new staff not knowing the basics and not adhering to the responsible finance practices |
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| Branch managers and mid- level executives | Intense competition and high client drop-out rates
Frauds and Misuse in loans |
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| Senior management |
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Technical Support
- Institutional assessment of MFIs or Microfinance programs of Banks
- Mentoring support to CEOs of MFIs
- Preparation of transformation plan for NGOs from Project to a Sustainable MFI
- Preparation of Operation manuals / lending policies / Risk management policies
- Setting up the Purpose Centred Growth approach in operations & using the COSSP tool
- Monitoring & evaluation support to the funders / investors of MFIs
- Strategic support to the Board of MFIs as an advisor to promote Good governance
- Any other customized needs of social businesses
A brief about Microfinance
Even though India has a vast network of bank branches, poor continued to be marginalized from the mainstream financial institutions as their access to banks were limited due to the non-availability of security for them. Microfinance, small loans without collateral security delivered at Poor’s doorstep, through self-help groups emerged in India as an alternative credit-delivery system in the 1990s, which led to a silent revolution and resulted in greater financial inclusion. Microfinance is the provision of a range of financial services like savings, credit, insurance, remittance, and housing to the people at the bottom of the pyramid.
Documents for free download
- Video on Introduction to Microfinance
- How can MFIs / Banks nurture SHGs? Top 10 SHG Best practices.