Technical Assistance(TA) for Micro Finance Institutions
Direct TA
SPEED provides direct technical assistance to 18 selected microfinance institutions (MFIs) that are serving micro, small and medium enterprise in the sector. The MFIs comprises of 10 Rural & Community Banks, 2 Savings and Loan Companies, 5 Financial NGOs and a Credit Union. The objective of providing direct TA support to these partner institutions is to enable them provide market or demand-oriented products and services to MSMEs and improve on their sustainability.
Some of the areas where SPEED is currently providing such an intervention include:
Some of the areas of Technical Assistance are:
- Improvement of credit methodology with mostly Installation of the Credit with Education Lending Methodology
- Financial, treasury and Risk management framework
- Delinquency management
- Internal controls and Audit
- Governance
- Corporate Rebranding
- Training in the use of MS Excel
- IT solutions to portfolio reporting