Wednesday, September 16, 2015

[MFP] Community Based Microfinance for Financial Inclusion, India Certificate Course

 

Hi everyone,

I am pleased to share the announcement of our 2 week certificate program in India in December 2015. This program enters its 5th year being offered in India, and this year, will be organised in Patna, Bihar at DMI campus instead of Hyderabad.

A few seats are reserved and offered to participants from outside India, especially from Africa.

Best regards,

Anuj

Community-Based Microfinance (CBMF) for Financial Inclusion

December 7- 19, 2015, Patna, India

Offered by

Coady International Institute and APMAS

with

Development Management Institute (DMI)

Second Floor, Udyog Bhawan, East Gandhi Maidan,
Patna 800004, Bihar state, India

 

Community-based approaches are critical for achieving sustainable development goals that promise inclusion of the poor and marginalized sections of the society. These approaches are not only providing access to financial services, but also provide local support services to manage their livelihoods and lives.

The 2 week's certificate course “Community Based Microfinance (CBMF) for Livelihoods Enhancement” will focus on savings-led and member-owned models, such as savings groups, village savings and loan associations (VSLAs), self-help groups (SHGs) & their federations, financial cooperatives, credit unions, livelihood (producer) organizations and other community owned institutions from across the world. The course is designed on the premise of ensuring inclusive growth besides access to financial services for the economically poor & marginalized communities. 

India CBMF certificate course is being jointly offered by Coady International Institute (Canada), APMAS (India) and DMI (India). A few seats are reserved for international participants from Africa and Asia. For more information, please contact our website at APMAS, DMI, or Coady International Institute.

Course fee: The course fee is Rs. 85,000 for the participants from India, and US $2,000for participants from other countries. The course fee would cover accommodation, food, train/ airport pick and drop, field visits and courseware. Limited scholarships are available for applicants from Africa, especially for women, through support from MasterCard Foundation microfinance scholars program.   .  

If you have any questions / clarification about the course, or if you encounter any difficulties in applying online, please contact:apmascoadycourse@gmail.com.

For online application please click here.

 

Anuj K. Jain

Sr. Coady Fellow| Microfinance and Development| COADY International Institute

St. Francis Xavier University, Antigonish, Nova Scotia, B2G 2W5| Ph: 902-872-0521

   

A Coady Educational Experience.  Please View the 2016 program schedule.

 

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Wednesday, September 9, 2015

[MFP] question about MF and Gov't regulation

 

Hello fellow practitioners -

Can you help me identify countries with good microfinance legislation?  Does anyone have any recommendations (papers) to governments regarding the regulation of MFIs?

Amy Lofgren
Tonga
 
 

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Tuesday, September 8, 2015

[MFP] where there's little regulation, there are big problems

 

Dear All,

I have posted about this in the past;  the Global Alliance for Legal Aid represents thousands of the poor scammed by a fake MFI in Uganda, and who were further damaged by other lenders who issued loans to the victims without doing much due diligence on the loan purpose.  Several of these lenders we believe were aware that a pyramid scheme was underway.  And, at least one of these lenders was also providing banking services to the pyramid scheme 'directors.'

Here is more on the Ugandan case:


(Also, caveat lector, the Kenyan statistic should read $30m in Kenya defrauded instead of $300m.  This is a typographical error.)

 Additionally, in Kenya there is also an ongoing class action against Govt. of Kenya for its regulatory failures which harmed thousands similarly defrauded by pyramid schemes:


Similarly, we believe that in our Ugandan case, Ugandan regulators were remiss in failing to monitor markets and failing to intervene to shut down the pyramid scheme.  

We are asking for redress for the victims in the form of 1) cancellation of the outstanding loans to MFIs, SACCOs and other lenders which were invested in the pyramid scheme; and 2) the establishment of a victims' compensation fund.

The latter can be done with funds from the deposit protection scheme, and if necessary additional support from the international community.

If the above does not happen, we will be left with litigation as the only alternative.  

This may be intellectually interesting for us lawyers, but it will not bring rapid redress to the victims who continue to suffer.  Nor will it enrich the lawyers as GALA and the law firm of Simmons and Simmons, UK are working pro bono. ( I mention this last fact because it is usually a standard complaint about class action litigation, that lawyers are the only ones to profit.)

Thanks for your interest, and forwarding this to any person you believe may be interested to assist.

Best regards,

Jami Solli




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