About the Program:
Starting out as micro credit, microfinance has evolved over the years to include a broad range of financial services such as deposits, loans, payment services, money transfers, and insurance to poor and low-income households and their micro enterprises. The interest in microfinance (now also known as inclusive finance) has significantly increased as it has been recognized to be an effective strategy in poverty reduction and promotion of economic growth and development. But the efficient provision of microfinance services remains a major challenge.
The Study Tour Program on Microfinance is designed to give participants an experiential knowledge about microfinance as the program activities include visits to and interaction with various microfinance institutions or MFIs (lenders) and enterprises (borrowers). One such MFI is the Center for Agricultural and Rural Development-Mutually Reinforcing Institutions or CARD-MRI, an internationally recognized and awarded institution. The micro enterprises are actual businesses being run by women/housewives in urban poor areas. The program also provides for meetings and discussions on policies and strategies in microfinance development with multilateral financial institutions, Department of Finance, as well as government and private banks with microfinance facilities.
Who Should Attend:
Board directors, officers and managers of banks and financial institutions that provide or intending to provide microfinance facilities, and those of government agencies engaged in economic development and regulation/supervision of microfinance institutions.