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Maximizing Microfinance Networks: Insights from AMFI Kenya

Explore the role of networks in microfinance, presented at an AFRACA conference in Nairobi, delving into the objectives, challenges, and emerging roles faced by the Association of Microfinance Institutions of Kenya. Discover how AMFI is navigating the diverse membership landscape to promote industry sustainability and regulatory best practices. Learn about the key challenges and the way forward for microfinance networks in Kenya and beyond.

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Maximizing Microfinance Networks: Insights from AMFI Kenya

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  1. THE ROLE OF NETWORKS IN MICROFINANCE PRESENTED AT AN AFRACA CONFERENCE AT NAIROBI SAFARI CLUB ON THURSDAY 28TH SEPTEMBER 2006 BY DAVID KITUSA NZIOKA AMFI KENYA Association of Microfinance Institutions of Kenya

  2. WHO IS AMFI? • Member Association • Formed in 1999 • Current Membership 32 institutions • Active savers = 2million Clients • Active borrowers = 530,000 clients • Loan portfolio =16B • Disbursement = 16.5 B Association of Microfinance Institutions of Kenya

  3. DIVERSITY OF MEMBERSHIP • Commercial Banks =3 • Wholesale Lenders =2 • Retail MFIs =23 • Insurance Companies =1 • Development Institutions =2 • Post Bank (Kenya Post Office Savings Bank Act) =1 • Total =32 Association of Microfinance Institutions of Kenya

  4. KEY OBJECTIVES • Advocacy and Lobbying • Membership and Regulation • Research and Events • Mentorship • Sustainability Association of Microfinance Institutions of Kenya

  5. EMERGING ROLES • Reference point for Microfinance issues • Self Regulation • Performance monitoring • Consumer protection code of practice • Conflict management/Arbitration • Client vs MFI • MFI vs Investor Association of Microfinance Institutions of Kenya

  6. CHALLENGES • Sustainability • Legislative framework (We can’t enforce best practice) • Institutional culture on information sharing • Competing Networks • Heterogeneous industry • Stages of Development Association of Microfinance Institutions of Kenya

  7. CONCLUSION AND WAY FORWARD • As the Industry grows new challenges will always come up • Networks need to:- • Be flexible and respond to market dynamics, • Scan the environment and • Listen to what the “clients” are saying. Association of Microfinance Institutions of Kenya

  8. THANK YOU Association of Microfinance Institutions of Kenya

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