Microfinance Support as a Programme of VACID Africa

PDFPrintE-mail

Microfinance Support as a Programme of VACID Africa


Do you need ICT to Drive your MFI Activities? Seek IS FUND co-financing to help you improve use of technology in your organization

CGAP’s Information Systems (IS) Fund co-finances the cost of consultants who can help:

· Analyze an MFI’s current system and develop a technology strategy

· Conduct a needs assessment

· Select a new software

· Negotiate with vendors

· Assist with implementation

Manage a new technology project

The IS Fund finances 60% of consulting assignments. Each MFI is eligible for two rounds of funding. The maximum for the first round is US$ 15,000 and the maximum for the second round is US$ 10,000.

How Can a Consultant Help You?

Efficient use of technology can reduce operating costs and help you reach more clients. But many MFIs struggle with complicated technology decisions and often end up with systems that don’t meet their needs. Soliciting guidance from independent consultants can help ensure that you are making informed technology investments that are best suited to your organization’s goals. An upfront investment in a consultant can actually save you money by avoiding replacing your system twice.

How Can a Consultant Help You?

Efficient use of technology can reduce operating costs and help you reach more clients. But many MFIs struggle with complicated technology decisions and often end up with systems that don’t meet their needs. Soliciting guidance from independent consultants can help ensure that you are making informed technology investments that are best suited to your organization’s goals. An upfront investment in a consultant can actually save you money by avoiding replacing your system twice.



IS Program Resources

(Available at www.cgap.org/technology)

  • Directory of IS Consultants

  • IS Software Listings and Independent Reviews

  • Guides on Software Selection & Implementation

  • Co-funding for IS Consulting

  • Articles on Branchless Banking and other Technology Innovations

ELIGIBILIITY

MFIs: The IS Fund will support established microfinance institutions that are preparing for growth. To qualify, MFIs must meet two of the following criteria:

  • At least 3,000 active microfinance clients
  • Minimum US$ 300,000 microfinance loan portfolio
  • At least two years of microfinance operating history

Consultants: To register with the IS Fund, consultants must demonstrate one of the following:

  • 1 year of experience in microfinance information systems and technology;
  • or 3 years of experience in mainstream financial services technology and information systems.

HOW TO APPLY

MFIs and consultants should visit www.isfund.org to submit an online application, view the list of registered consultants, and to learn from MFI consulting engagements already funded.Complete instructions are available online..

For more information…

Email the IS Program: This e-mail address is being protected from spambots. You need JavaScript enabled to view it This e-mail address is being protected from spambots. You need JavaScript enabled to view it

www.isfund.org / www.cgap.org/technology

The IS Program is a joint initiative of CGAP and the EU/ACP Microfinance Programme.

Responses (0) Go to discussions >

No response for this article yet.

Quick Reply

You will need to be logged in first to participate in this discussion. · Login · Register

Capacity Building

Programme for Agricultural Capacity Development in Africa (P4ACAD Africa)A Food Systems Focus to Sustainable Development Our Vision An food secure...

AGRIBUSINESS & VC'S

VACID Africa stands for value addition and cottage industry development...

SMES & INCUBATION

VACID Africa PROJECTS VACID AFRICA PROJECTS 1) CIAT-TSBF in collaboration with VACID Africa Programme Implemented...

GIS & ICT4D

VACID Africa welcomes individuals and organizations that would like to...