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Module 1 |
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Evolution of microfinance
Monday, December 11, 2000
8:00 am–11:00 am EST
Overview | Objectives | Agenda | Presentations |
Speakers´ Bios | Suggested Readings
Overview
Often people have too high expectations on what microfinance can achieve in terms of poverty alleviation. This module will start from basic concept of microfinance and review its evolution in the past decades, including: |
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Definition of microfinance i.e. not only the provision of micro-credit |
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Importance of provision of financial services to the poor |
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The paradigm shift: from donor supported programs to sustainable ones |
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Then, the module will discuss the limits of microfinance as a poverty alleviation tool and will focus on the beneficiaries. |
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whom do microfinance programs reach? |
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Classification of the poor and which category microfinance can touch |
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Benefits of financial services not necessarily increase the income but rather reduce the vulnerability to shocks and economic stress events |
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Last, the module will present the Consultative Group to Assist the Poorest Initiative and its approach to microfinance services to clients.
Top of page | Overview | Objectives | Agenda |
Presentations | Speakers´ Bios | Suggested Readings
Objectives
Introduce the course by explaining what microfinance and its evolution in the past decades. Will present the paradigm shift in microfinance: from donor supported programs to sustainable ones.The second part of the module will discuss the limits of microfinance as a poverty alleviation tool and will focus on the beneficiaries.
Top of page | Overview | Objectives | Agenda |
Presentations | Speakers´ Bios | Suggested Readings
Agenda
Moderator
Ira Lieberman, Sector Manager, Financial Sector / World Bank
Speakers
Marguerite Robinson, HIID Institute Fellow Emeritus / Consultant
Monique Cohen, Senior Technical Advisor, Office of Microenterprise Development / USAID |
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8:00 am |
Welcome and Introduction of the course , overview of logistics, presentation of sites
Laurence Hart, Course Leader |
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8:20 am |
Introduction of the session topic and of the presenters
Ira Lieberman |
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8:30 am |
The revolution of microfinance & the paradigm shift
Marguerite Robinson |
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9:00 am |
Limits of microfinance as a poverty alleviation tool
Monique Cohen |
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9:15 am |
Group discussion |
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9:40 am |
Q & As |
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10:20 am |
Wrap up—Includes a quick overview of papers available on the web site on the topic discussed
Ira Lieberman |
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10:30 am |
Thank you and reminder of topic to be presented the next session
Laurence Hart |
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Top of page | Overview | Objectives | Agenda |
Presentations | Speakers´ Bios | Suggested Readings
Presentations
The Microfinance Revolution | Marguerite Robinson
Microfinance and Poverty Alleviation | Monique Cohen
Top of page | Overview | Objectives | Agenda |
Presentations | Speakers´ Bios | Suggested Readings
Speakers´ Bios
Marguerite Robinson is an Institute Fellow at Harvard University's Institute for International Development (HIID). Since 1979, Dr. Robinson has served as advisor to the Ministry of Finance, Government of Indonesia, and to the Bank Rakyat Indonesia on the development of BRI's nationwide unit banking system. She has also advised numerous other governments, banks and financial institutions on microfinance.
Monique Cohen is senior technical advisor in the Office of Microenterprise Development, USAID. She is responsible for the design and management of USAID's AIMS (Assessing the Impact of Microenterprise Services) Project and the direction of the Office's initiatives on poverty and microfinance. She was chair of the CGAP Working Group on Impact Assessment. She has consulted with both international donor agencies, foundations and NGOs. She has a Ph.D. from Clark University.
Top of page | Overview | Objectives | Agenda |
Presentations | Speakers´ Bios | Suggested Readings
Suggested Readings
Microfinance and Risk Management: A Client Perspective
CGAP Focus Note 17
As the microfinance industry matures, service providers are increasingly concerned with developing new and better products. This focus on new product development is a response to growing competition in the microfinance market, the search for more defined market niches, and some anxiety about dropout rates.
Microfinance Risk Management and Poverty
Jennefer Sebstad and Monique Cohen
The World Development Report 2000/2001 Background Paper
The Poor and Their Money: An Essay About Financial Services For Poor People.
Stuart Rutherford
Top of page | Overview | Objectives | Agenda |
Presentations | Speakers´ Bios | Suggested Readings
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