Transforming Microfinance Institutions : Providing Full Financial Services to the Poor

In response to a clear need by low-income people to gain access to the full range of financial services including savings, a growing number of microfinance NGOs are seeking guidelines to transform from credit-focused microfinance organizations to regulated deposit-taking financial intermediaries. In response to this trend, this book presents a practical "how-to" manual for microfinance institutions to develop the capacity to become licensed and regulated to mobilize deposits from the public. This book provides guidelines for regulators to license and regulate microfinance providers, and for transforming microfinance institutions to meet the demands of two major new stakeholders -regulators and shareholders. As such, it focuses on developing the capacity of NGO microfinance institutions to mobilize and intermediate voluntary savings. Drawing from worldwide experience, it outlines how to manage the transformation process and address major strategic and operational issues inherent in transformation including competitive positioning, business planning, accessing capital and shareholders, and how to "transform" the microfinance institutions human resources, financial management, management information systems, internal controls, and branch operations. Case studies then provide examples of developing a new regulatory tier for microfinance, and how a Ugandan NGO transformed to become a licensed financial intermediary.

Bibliographic Details

Main Authors:	Ledgerwood, Joanna, White, Victoria
Other Authors:	Brand, Monica
Format:	Publication biblioteca
Language:	English en_US
Published:	Washington, DC: World Bank 2006
Subjects:	ACCOUNTING, APEX, AUDIT COMMITTEE, AUDITS, AUTOMATED TELLER MACHINES, BANK LENDING, BANKING SERVICES, BANKS, BOARD MEMBERS, BRANCHES, CAF, CAPITAL ADEQUACY, CAPITAL MARKETS, CAPITAL REQUIREMENT, CEO, CGAP, CHARTER, COMMERCIAL BANK, COMMERCIAL BANKS, COMPANY, COMPETITIVE MARKET, COMPETITORS, CONFLICT OF INTEREST, CONFLICT OF INTEREST POLICY, CONFLICTS OF INTEREST, COOPERATIVES, COST OF FUNDS, COUNSEL, DEBT, DEPOSITS, DISCOUNTED CASH FLOW, ECONOMICS, EFFECTIVE GOVERNANCE, EMPLOYMENT, ENTERPRISE DEVELOPMENT, EXCESS LIQUIDITY, EXPANSION, FEDERAL RESERVE BANK OF NEW YORK, FINANCIAL INSTITUTION, FINANCIAL INSTITUTIONS, FINANCIAL MANAGEMENT, FINANCIAL MARKETS, FINANCIAL PLANNING, FINANCIAL SERVICES, FINANCIAL STATEMENT, FINANCIAL SYSTEMS, FINCA, FOREIGN EXCHANGE, INDIVIDUALS, INSURANCE, INTEREST RATES, INTERNAL CONTROLS, INVESTOR RELATIONS, JOINT VENTURE, LAWS, LEVERAGE, LICENSING, LIMITED, LIQUIDITY REQUIREMENTS, LITERACY, LTD., MANAGEMENT INFORMATION SYSTEMS, MERGER, MFI, MICRO FINANCE, MICROBANKING, MICROENTERPRISE, MICROENTERPRISES, MICROFINANCE, MICROFINANCE INDUSTRY, MICROFINANCE INSTITUTION, MICROFINANCE INSTITUTIONS, MICROFINANCE SECTOR, MICROLENDING, MICROLOANS, MIGRATION, NONBANK FINANCIAL INSTITUTIONS, NONGOVERNMENTAL ORGANIZATIONS, NONPERFORMING LOANS, NONPROFIT ORGANIZATION, OFFERINGS, OUTREACH, OWNERSHIP STRUCTURE, PAYROLL SERVICES, PRIVATE ENTERPRISE, PROJECT FINANCING, PUBLIC FINANCE, PUBLIC SAVINGS, REGULATORY FRAMEWORK, RESERVE REQUIREMENTS, RISK MANAGEMENT, RURAL BANKS, RURAL FINANCE, SAVINGS, SAVINGS FACILITIES, SAVINGS MOBILIZATION, SERVICE COMPANY, SHAREHOLDERS, SMALL BUSINESSES, SOCIETY, STAKEHOLDERS, SUBORDINATED DEBT, SUBSIDIARY, SUPERVISORY FRAMEWORK, TECHNICAL ASSISTANCE, UNION, VENTURE CAPITAL, WORKING CAPITAL,
Online Access:	http://documents.worldbank.org/curated/en/2006/08/7046441/transforming-microfinance-institutions-providing-full-financial-services-poor http://hdl.handle.net/10986/7086
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