TA to MFI
The objective of Technical Assistance to Microfinance Institutions (TA to MFIs) of SPEED is

An integrated micro-finance market provides demand-oriented financial services in a sustainable way and on a broad scale.

The component wants to achieve this objective through several interventions, which are grouped under:
  • Provision of direct technical support to the finance institutions with a sizable microfinance portfolio (rural and community banks; credit unions; financial NGOs, Susu collectors and savings and credit cooperatives);
  • Institutional Support at meso level such as assistance given to Apex Organizations of rural banks, financial NGOs, Susu collectors; support to a local rating service and Credit Reference Bureau as well as through coordination and lobbying activities;
  • Support to better understand the demand side of the microfinance market (data management and studies; consumer education and protection programme).
A selected number of microfinance institutions receive direct support from SPEED to improve their outreach or deepen their financial services. Improvement of outreach implies that more clients come within reach of the microfinance sector; deepening implies a diversification of financial services.

The component also offers services at meso and national level by working closely with apex and umbrella organizations and contributing to their capacity building efforts so that they can discharge their supervisory and regulatory functions effectively and efficiently.

The component furthermore supports a local rating service; a credit reference system; an improved quality assurance system for local service and training providers.

The component also promotes programmes aimed at consumer education and protection as a way of improving financial transparency among microfinance institutions.

Finally the component seeks to promote the formation of a national rural and microfinance forum as an effective platform for coordinating development partners’ interventions; exchange of grassroots experiences to policymaking and the trickling down of policy directives to the grassroots. The component will support the operations of the Forum specifically through GHAMFIN in its role as the secretariat.

For more information see: Direct TA support to selected MSME-FIs

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