Showing posts with label microfinance institutions (MFIs). Show all posts
Showing posts with label microfinance institutions (MFIs). Show all posts

Thursday, April 15, 2010

Africa-Middle East Microcredit Summit

Cody Donahue, Tostan’s Coordinator of Monitoring, Evaluation, Research and Learning reports from Nairobi, Kenya on the Africa-Middle East Microcredit Summit.

In attendance at last week’s Microcredit Summit was Cheikh Diouf, Tostan Senegal’s Empowered Communities Network Coordinator and microfinance coordinator. Cheikh has spent the past 15 years working with communities at the grassroots level, helping to establish community-led microcredit systems and social microenterprises that generate increased revenues for family expenses and community projects. Cheikh has also led the partnership between Tostan and Freedom From Hunger on the implementation of Saving for Change, savings-led microcredit programs in Senegal. To date, 55 savings groups have been established, reaching approximately 6,000 women with financial resources generated from their own savings and enterprise. Cheikh had the chance to explain to Christopher Dunford and Myka Reinsch Sinclair, President and Vice- President for Programs of Freedom from Hunger, how the microcredit revenues have been instrumental in supporting health infrastructure in Senegal.

Finally, Tostan Mbour’s regional coordinator Aida Mandiang was invited to speak at the panel, “Building on the Strength of Women in Africa and the Middle East: Innovations from the Region.” Aida spoke about her experience mentoring the Federation of Community Management Committees of Mbour. The federation supports a group of enterprises led by women which generate revenue in order to promote healthy behaviors such as prenatal visits, testing for HIV/AIDS, and the abandonment of female genital cutting (FGC). (Image: Salim Dramé: A microcredit venture in Senegal- participants making bissap jam, a local favorite.)

Tuesday, April 13, 2010

Africa-Middle East Microcredit Summit

Cody Donahue, Tostan’s Coordinator of Monitoring, Evaluation, Research and Learning reports from Nairobi, Kenya on the Africa-Middle East Microcredit Summit.

This week, Nairobi is the meeting place for over 2,000 microfinance professionals, NGOs, government officials, and donor organizations dedicated to sharing their experiences and innovations from the world of microfinance and economic empowerment in Africa and the Middle East. I am attending the Africa-Middle East Microcredit Summit with two of my Tostan colleagues, Cheikh Diouf and Aida Mandiang, and have had the immense pleasure of seeing many Tostan friends, partners, and supporters from all around the world!

I’m taking advantage of immersing myself in the amazing community that has gathered here in Nairobi and taking the chance to share with summit delegates what Tostan is all about.

Some of the key messages Tostan is sharing at the summit:
1. When providing financial services to those who are poor and do not have bank accounts, it is important for new clients of microcredit programs and the community as a whole to be prepared with education and training. Tostan’s Community Empowerment Program (CEP) allows individuals to be smart and safe with the loans they take out. Human-rights education, which is the basis of the CEP, is an incredibly important foundation for economic empowerment.
2. Tostan is urging microfinance institutions (MFIs) and donors to promote the connections between MFIs and NGOs working in the community. These organizations provide invaluable training and education, especially in the realms of literacy and new technologies like Tostan’s Jokko Initiative which helps communities to harness the power of SMS messaging.
3. Along with our friends at International Network of Alternative Financial Institutions (INAFI), Tostan and Tostan France are reaching out to the African diaspora and are working to connect immigrants to communities in Africa. In addition, INAFAI is actively working on a solution to facilitate sending remittances from African immigrants in Europe back to Senegalese communities.


On behalf of the entire Tostan delegation, we’d like to thank the partners that helped us get to Nairobi in order to attend this extraordinary event:





Thanks to everyone that made this trip possible!
More exciting news and videos to come!
 
Blog adapted by Salim Drame