This case study illustrates how PRISMA Microfinance, an MFI in Peru, has collected three years of PPI data to reach and serve its target clientele. It also discusses the challenges and opportunities that the institution is facing and how it plans to address them.
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Since 2008, Fonkoze has been using PPI and food security data to monitor and evaluate the progress of clients participating in its targeted programs for hurricane relief. Fonkoze is now also using it for earthquake recovery efforts.
This case study describes the role of Grameen Foundation in developing training programs for Oikocredit partner MFIs in the Philippines and Peru.
Most economic development programs that aim to reach the poorest households have not been designed using a sustainable business approach. Instead, these programs have been developed as grants and charity-driven projects. While there is a role for grant-driven programs, organizations can also make sustainable business decisions to extend outreach to poorer populations in the medium to long term.
This is not volunteerism for the sake of volunteerism, but rather a new business model for solving some of the real problems impeding the scale, sustainability, and impact of microfinance and T4D initiatives. A greater and more strategic use of volunteers can help the field to realize, more rapidly, strategic and operational improvements.
In Measuring the Impact of Microfinance: Taking Another Look, Odell examines studies which have demonstrated that microfinance helps poor people better cope with financial shocks that often upend their lives. It also addresses the difficulties in isolating microfinance’s impact from the myriad forces at play in poor people’s lives.
Milena started her first business – a juice shop – in her hometown of Palos Blancos, Bolivia. However, after a long illness and hospital stay, she lost all of her savings and found herself homeless, with two daughters to care for and only 70 bolivianos (about $10) to her name.
Zolina is a client of Fonkoze, the largest microfinance institution (MFI) in Haiti. The mother of seven school-aged children, she was having difficulty making ends meet, so she took out a loan to purchase consumable items such as coffee, beans, peas, mushrooms, potatoes and bananas to sell at the market.
Grameen Foundation's Growth Guarantees program was launched in 2005 to increase microfinance clients’ access to loans by guaranteeing local funding for the microfinance institutions (MFIs) that serve them.
In Colombia, we are using mobile technology to improve access to financial services and information on agriculture. Drawing on our experiences in Uganda, we launched the Community Knowledge Worker initiative in Colombia. We are also developing financial products and services that can be delivered to smallholder farmers and poor communities via mobile phones.