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Microfinance Leadership Summit 2010 Recap - Part 1

November 22, 2010

Jason Polen works as Social Media Intern for Grameen Foundation based out of our Seattle office.

Investing in Technology– Is it worth it for MFIs?

From “Speed-Geeking” to “ROTI”; when microfinance and technology leaders come together in India to explore the power of technology, innovation is inevitable.  This year’s Microfinance Leadership Summit in India was called, “Fueling Growth: Strategic Technology for Microfinance”. One of the key goals of the conference was to engage microfinance and technology leaders in a dialogue about the immense potential of technology in helping microfinance institutions (MFIs) grow.

Starting a dialogue around investing in technology is vital for leaders of small and medium sized MFIs. As MFIs scale, they begin asking themselves a number of critical questions about the use of technology. How can technology help us grow? Which kind of technology is right for us? How much will it cost? How difficult will it be to integrate it into our existing system? When is the right time to invest? All these unknown factors can be summarized into one term a speaker at the conference, PC Narayan, introduced: ROTI – Return on Technology Investments.

Most MFIs are not adverse to adopting technology. In fact, they are usually ahead of the curve, especially in India; however, when operating at the grassroots level, adopting technology incongruent with their clients’ can mean failure. In other words, MFIs are very conscious about the importance of using technology appropriately. A key theme throughout the conference was answering this question: “Is it worth it?” Fully understanding the risks and benefits is essential. Picking the correct technology at the right time ensures they will fully capture the benefits.

We worked with Microfinance Focus to post a live blog throughout the conference which highlights many of the events in greater detail.

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Grameen Foundation and Microsoft Join Forces to Accelerate Impact of Technology for Microfinance

December 02, 2009

George Conard is the Executive Director of Technology for Microfinance at Grameen Foundation

[caption id="attachment_292" align="alignright" width="267" caption="Advancing the use of technology across the microfinance industry"]technology [/caption]

Over the past decade, technology has played a key role in Grameen Foundation’s mission to alleviate poverty.  From equipping microfinance institutions with the capacity to manage technology to building and delivering industry-wide solutions like our Mifos software platform, our goal is to advance the use of technology across the microfinance industry.  The driving force is our Technology for Microfinance Initiative which seeks to transform technology from a barrier into an accelerator for the growth and impact of microfinance.

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