Zambia's Credit Management Services : Micro-Credit Schemes for Women Enterpreneurs
Credit Management Services Limited (CMS) was established in 1992 as a subsidiary of Molver and Company, a Zambian accounting company. It provides lending services through four schemes. This Action Research best practice study focuses on micro-credit schemes for women entrepreneurs. CMS lends to members of existing women's clubs. The success of CMS is to a large extent attributable to its innovative approach to micro-credit delivery -- portfolio diversification, use of existing institutions, transparent MIS, and regular club meetings. The CMS management has learned these lessons: a) high potential for rural savings, b) close supervision improves performance; c) women are a lower credit risk; d) the value of strict contract enforcement; and e) critical minimum loan size.
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| Language: | English |
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World Bank, Washington, DC
1999-05
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| Subjects: | ACCOUNTING, BORROWING, CONTRACT ENFORCEMENT, CREDIT MANAGEMENT, CREDIT SCHEMES, DEPOSITS, EMPLOYMENT, INFLATION, INTEREST INCOME, LENDING SERVICES, LOAN, LOAN AGREEMENTS, LOAN AMOUNT, LOAN GUARANTEE, LOAN REPAYMENT, MICROFINANCE, OPERATING COSTS, PORTFOLIO DIVERSIFICATION, POS, PROFITABILITY, REVOLVING CREDIT, REVOLVING FUND, REVOLVING FUNDS, SAVINGS, SUBSIDIARY MICROCREDITS, MICRO-CREDIT PROGRAMS, WOMEN IN BUSINESS, WOMEN ENTREPRENEURS, PARTICIPATORY PROCESS, MICROCREDITS, MANAGEMENT INFORMATION SYSTEMS, LOAN SIZE, RURAL FINANCE, WOMEN'S ORGANIZATIONS, |
| Online Access: | http://documents.worldbank.org/curated/en/1999/05/1574612/zambias-credit-management-services-micro-credit-schemes-women-enterpreneurs https://hdl.handle.net/10986/9867 |
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