Women’s World Banking. Photo: Africa Renewal Vol22 No 2. July 2008. Implication of Global Credit Crisis on Microfinance Delivery. Mary Ellen Iskenderian, President & CEO February 23, 2009. Women’s World Banking: Who We Are.
Women’s World Banking
Photo: Africa Renewal Vol22 No 2. July 2008
Implication of Global Credit Crisis on Microfinance Delivery
Mary Ellen Iskenderian, President & CEO
February 23, 2009
Women’s World Banking: Who We Are
GLOBAL NETWORK= Leveraging convening power, communication channels, and reputation to promote women as entrepreneurs, leaders and innovators
Asia = 10, Africa = 8,LAC = 7,MENA and Eastern Europe = 5
To expand the economic assets, participation, and power of poor women as entrepreneurs and economic agents by opening their access to finance, knowledge and markets
International capital is tighter, slower and more expensive.
Economic slowdown of emerging markets is negatively impacting MFIs.
Increased cost of funds is a reality and need to be incorporated in MFIs’ growth projections.
“We need to raise 32 Billion shilling to meet the shortfall required in meeting the food requirements of more than 10 millionKenyans”. President Kibaki
Proactive Client Monitoring and Close Screening of Costs
“What MFIs can do to mitigate liquidity risks, my proposition is thus: Be savings led and inspire your clients to save, match savings with loans, avoid funding mismatch, develop an array of savings and deposit products, be market and fund driven, never depend on bank loans, rely less on donor and oversee funds, do not compete with commercial banks, avoid high volume loans, lend short and lend small, slow down on lending-race up to savings.”
C.J. Agwu, Agric Banking FMFB, Lagos Nigeria.
Implementation in the Dominican Republic, Benin
Prognosisfor the Future
“As MFIs, we make the best of new crises by looking
for new solutions…”
(Kenyan Network Member)
Presented by Women’s World Banking