The Microfinance sector has undergone major changes in the last five years with the sector being integrated into the formal financial sector. In many countries, MFIs are becoming fully licensed banks targeting lower income customers and regulators are taking greater oversight of both. These changes have opened doors to real opportunities for MFIs to meet the financial demands of the underserved populations world-wide. Savings is critical to the economic sustainability of individual households, small business owners, and to financial stability within communities and countries. How are Microfinance institutions responding to the opportunity to mobilise deposits? What are the key challenges and risks of mobilising deposits facing these institutions? How are they addressing these challenges? How can product development for savings products be used to meet these challenges?
This course will give participants a broad understanding of how to create and grow a viable sustainable deposit taking product. Looking at the key issues surrounding deposit mobilisation, the course will present the challenges and opportunities in deposit mobilisation, an overview of tested risk management methodologies, and institutional change management. The course will also look at the retail delivery channels including use of technology in deposit mobilisation.
Participants will discuss and analyze implementation strategies and risk management for savings mobilisation including, development of relevant savings products, the importance of MIS and communication, planning, staffing and governance strategies, financial reporting, and marketing opportunities. Participants will also look at the use of technology to build robust and cost effective deposit mobilisation services. Building on the experiences of the participants, case studies will provide the participants with illustrations of how to grow deposits
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