Microfinance Sample Clauses

Microfinance. Support to SMS and APIM-BF for: (i) improving the supervision of the microfinance sector; (ii) developing and implementing a national policy and strategy for the financing of the rural sector and for SMEs development; and (iii) designing and implementing a program to build an effective partnership in the microfinance sector between SMS and APIM-BF. Part C: Project Implementation and Audit Component Provision of technical assistance and financing to the Project Coordination Unit to implement, coordinate, monitor, evaluate and audit the Project.
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Microfinance. The main objective of this sub-component is to promote the creation of one grass-root level SCG in each selected VU, federated at district or governorate level within a Saving and Credit Association (SCA). SCAs will provide services to affiliated SCGs, and will act as financial intermediaries for licensed microfinance institutions (MFIs) to which they are linked, thus providing SCG members with access to larger resources and more diversified financial products. The Programme foresees to have at least 100 000 of the target group to be members of SCGs with at least 80% of them being women. Through awareness campaigns and support from PMU field staff, the programme will assist communities to create and register SCGs and SCAs and elect their governing bodies. Resources mobilized by SCAs (savings, matching grants and refinancing loans) will be used to extend short and medium term loans to members (no restriction will be put on the use of loan proceeds, but SCAs will ensure that borrowing members have the capacity to pay back their loans). Loans extended by SCAs to their members will average USD 250 and repayment will be rigorously enforced.

Related to Microfinance

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  • Information Management Information and Records

  • Financial Services Article 116

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