PADME, Benin : Scaling Up a Successful Pilot
On the surface, PADME (Projet
d'Appui au Developpement des Micro-Entreprises) is one
of the most profitable African micro-finance institutions
(MFIs) that report to the bulletin. Although this
profitability is partly due to low cost funds and
under-investment in management and operating systems, in the
five years since its creation, PADME has built an efficient
operation with solid growth in outreach. It serves
predominantly women petty traders in two urban centers in
Benin, with loans averaging US$400. PADME was created as a
project in 1993 by the government of Benin, with funding
from the World Bank. Initially, it was part of a broader
initiative to offset the social effects of a structural
adjustment package. The program's vision was to provide
business credit to a broad base of clients, serving those
who could not access traditional bank financing. PADME
differs from many African institutions because it does not
focus specifically on serving the very poor. In this
respect, it more closely resembles many Latin American
microfinance institutions.
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Bibliographic Details
| Main Author: |
McDonald, Jennifer |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2000-11
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| Subjects: | ADMINISTRATIVE EXPENSES,
APR,
ASSETS RATIO,
BANK BRANCHES,
BANK FINANCING,
BORROWER,
BRANCH,
BRANCH OFFICES,
BUSINESS CREDIT,
COMPETITORS,
DEVELOPMENT BANK,
DISBURSEMENT,
EXPANSION,
EXPENSE RATIO,
EXPENSE RATIOS,
FINANCIAL STATEMENTS,
FISCAL DISCIPLINE,
FORMAL FINANCIAL SECTOR,
GROUP BORROWERS,
INFLATION,
INTEREST RATE,
INTEREST RATE POLICY,
INTEREST RATES,
LOAN,
LOAN BALANCE,
LOAN OFFICERS,
LOAN PORTFOLIO,
LOAN REPAYMENT,
LOAN SIZES,
LOAN TERM,
LOCAL BANKS,
LOCAL MARKETS,
MICRO-FINANCE,
MICRO-FINANCE INSTITUTIONS,
MICROBANKING,
MICROFINANCE,
MICROFINANCE INSTITUTION,
MICROFINANCE INSTITUTIONS,
MICROFINANCE MARKET,
NEGOTIATIONS,
PERFORMANCE DATA,
PORTFOLIO,
PROFIT MARGIN,
RECYCLING,
RETURN,
RETURN ON ASSETS,
SALARIES,
SALARY,
SAVINGS,
TECHNICAL ASSISTANCE,
USURY LAWS,
WAGES, |
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| Online Access: | http://documents.worldbank.org/curated/en/2000/11/12356447/padme-benin-scaling-up-successful-pilot
https://hdl.handle.net/10986/9830
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