ZIMBABWE ASSOCIATION OF
MICROFINANCE INSTITUITIONS

creating sustainable microfinance


 

“Let Your Figures Talk”

Date for the Course: 26-28 June 2019

Venue: Bronte Hotel, Harare

Cost : USD$120.00 or RTGS equivalent at prevailing interbank rate

Introduction

In its endeavor to ensure that the Zimbabwe microfinance sector keeps abreast if not ahead of the pack, ZAMFI has secured support for training from reputable international institutions in Belgium –Microfact, which is a joint initiative of ADA and BRS. These organizations offer practical training workshops on financial evaluation of MFIs based on microfinance Key Performance Indicators (KPIs)

The training course is organized jointly with ZAMFI, the host organization which will provide local logistics while technical training will be delivered by certified Microfact trainers.

Course Objective

The general objective of the workshop is to give MFIs an internationally recognized insight into the actual financial and social situation of their own organizations and their position in the market of microfinance. This peer-to-peer learning workshop will give better insights on financial performance. Specific attention will be given to the communication about the financial performance with all stakeholders of an MFI (clients, staff, board, investors, etc.)

Workshop Structure And Methodology

The 3 days-workshop will include:

  • Analyzing performance in microfinance - the microfinance key performance indicators in the following areas: Portfolio Quality, Efficiency and Productivity, Financial Management, Profitability and sustainability and Social Performance
  • Enhance the skills and capacity of management in interpreting ratios, analyzing financial trends, positioning themselves within the industry (benchmarks) and identifying key areas of risk to mitigate
  • How to use the MFI Factsheet tool in your day-to-day management and in your communication with the stakeholders.

Target Participants

This workshop is intended for the (financial) decision makers of Microfinance Institutions, typically the finance officers, accountants, risk officers and credit operation managers. An understanding of basic accounting principles and fundamental microfinance principles is required. Participants should therefore have at least 2 years of experience in the delivery of microfinance products.

Participants And Deadline

The ideal number of participants for this training course is between 15 and 30 with maximum of 2 participants per organization to encourage exchanges between them. ZAMFI is therefore requesting MFIs that are interested in participating in this world-class international training nominate either 1 or 2 participants to attend the course. The deadline for acceptance of booking and payment is 21 June 2019.

For booking and more information contact:

  • Geaorge Nhepera - This email address is being protected from spambots. You need JavaScript enabled to view it.
  • Tinashe Pamacheche - This email address is being protected from spambots. You need JavaScript enabled to view it.

As per our calendar of events the Zimbabwe Association of Microfinance Institutions (ZAMFI) will be holding its 5th microfinance CEO winter school from the 16th to the 18th May 2019 in Kariba, Carribea Bay Resort Centre. These CEO schools have proved to be a very successful platform for high level discussion of pertinent issues for the sector and an opportunity for CEOs to share local, regional and international experiences and insights.

Also kindly note due to public demand and as feedback from members for the past 3 years, ZAMFI is very happy to be launching an operational level School on 5 & 6 September 2019. Please watch our website for further developments and we will also write to all practitioners when registration is open.

In the immediate, ZAMFI is inviting you to register for the May School so that you do not become the only CEO to have missed this year’s event. The winter school will cost $1750 RTGs dollars per delegate who wishes to reside at the hotel and $950 RTGs dollars for non-residential delegates. The draft programme is being finalised.

We are expecting to have the following presentations amongst many others

  • Zimbabwe is open for business-what else can be done to attracts investors
  • Surviving economic mayhems
  • Technological environment for MFIs
  • Lessons learnt from funding rural agriculture
  • Re defining the next microfinance frontiers(s)

This year our extra curricula activities will include boat cruise, viewing Lake Kariba, Lake Harvest fish ponds (whilst on the boat cruise), crocodile farms (on an individual basis) and many other options.

We kindly await your registration as the ZAMFI board waits to welcome you on the day. For and on behalf of the ZAMFI board

chitambo-signature

Godfrey C. Chitambo

EXECUTIVE DIRECTOR

12.02.2019

 | Source:  All Africa

 

Financial institutions including deposit money banks, merchant banks, development finance institutions and microfinance banks that have been registered on the Registry's portal recorded at least N1.23 trillion as profit from implementation of the Central Bank of Nigeria (CBN)-initiated National Collateral Registry of Nigeria.

 

According to CBN Governor Godwin Emefiele, lending banks operating in Nigeria have registered interest on movable assets worth N1.23 trillion, $1.14 billion and €6.08 million through 41,408 financing statements.

"This underscores the potential of movable assets as collateral to enhance access to credit and, hence, our resolve to drive its effective implementation," Emefiele said yesterday at a workshop for judges on Secured Transaction in Movable Assets (STMA), with the theme: "Leveraging on Moveable Assets for Credit Delivery in Nigeria: Legal and Regulatory Framework."

He noted that by January 31, 628 financial institutions, comprising 21 deposit money banks, four merchant banks, one non-interest bank, four development finance institutions, 551 microfinance banks, 13 non-bank financial institutions, and 34 finance companies had been registered on the Registry's portal.

LEADERSHIP gathered that the workshop was aimed at sensitising judicial officers in the enforcement of the provisions of the STMA Act with a focus on improving access to finance, particularly for Micro, Small and Medium Enterprises (MSMEs).

Emefiele said Nigeria's quest for inclusive economic growth and development would be futile if it fails to adequately ease access to finance by the MSMEs which, he noted, are the catalysts for economic growth in the country.

Acting Chief Judge of Nigeria, Justice Tanko Muhammad, while commending the CBN for the introduction of the registry, said the passage into law of the Act had made it possible for inventories, equipment and other moveable assets to be used as collateral to access credit.

He gave assurance that the judiciary, on its part, would continue to ensure that disputes arising from secured lending in moveable assets were resolved speedily in line with constitutional and statutory provisions.

Justice Muhammad also stressed the need for judges to be circumspect while adjudicating over disputes relating to loans secured by moveable assets due to the technical nature of the Act.

He also urged parties involved in the process of drafting agreements to always state clearly the conditions governing their transactions.

"This I believe will eventually prevent unnecessary litigations," he added.

Muhammad acknowledged the drive by the federal government to expand access to credit facilities for businesses, particularly MSMEs, saying it was a laudable and clear indication that Nigeria was not bereft of ambition for economic growth.

On his part, the managing director of Bank of Industry, Kabir Mohammed Adamu, applauded the Central Bank for institutionalising a programme which, he said, had aided the granting of loan facility to businesses while providing access to finance for the MSMEs.

He particularly commended Emefiele for leading a CBN that had rolled out people-oriented policies which had helped to stimulate the economy, even as he advocated the establishment of a special court to aid the funding of MSMEs.

Source: All Africa 

 

Background

In response to the desire to professionalize the microfinance sector, practitioners felt that a specific educational, practical and industry demanded course in microfinance was desirable and necessary. ZAMFI together with NUST CCE piloted the Executive Certificate in Microfinance and Entrepreneur- ship (ECEME) course in Bulawayo. It proved to be a huge success with an intake of 20 and 17 completed the course.

The course is now being extended to our Harare members

Course Objectives

ZAMFI as the apex board for the majority of MFIs in the country is aware of the fact that MFIs do face a myriad of challenges both at strategic, institutional and market levels. The most pressing issues relate to control of credit risk, over-indebtedness, quality of management, and business planning and risk management among others. In partnership with NUST CCE, ZAMFI has managed to design a world- class microfinance programme meant to expand the knowledge, skills and insights of microfinance practitioners so as to be able to steer their MFIs towards high performance execution. In any event, according to a ZAMFI 2010 strategic plan, skills deficiency ranked highest and it is time to get this out of the way.

The first block for this intake shall run from 06 April 2019 to 30 June 2019.

 Microfinance institutions are being invited to consider seconding their appropriate employees to be enrolled for this intake. It is envisaged that the company should consider making payments for their members of staff and explore considerate means of recouping their investment either through a soft loan basis or a bonding of the “trained” person. This is a matter for internal discourse.

Target Group:

This course is ideally for the following people:

  • Cadres already employed in the microfinance sector but have no intrinsic background to the basics and development of microfinance
  • Entrepreneurs of small to medium enterprises who have a keen interest in MF and/or SME development
  • Employees of government department and NGOs involved in running microfinance projects for marginalized communities.

Duration: 6 months split into 2 x 3 months blocks conveniently being weekend classes: full day Sat- urdays and half day Sundays or alternatively, evening classes. The intake shall determine.

Application Fee: a non-refundable fee of $15.00

Tuition Fee: $120 per module i.e. $480.00 per block. If payment is being done by the individual, a payment of half deposit of $240.00 shall be accepted with the balance payable within three months period.

Registration and Payment of Fees deadline: 31 March 2019.

Contact Details

ZAMFI Offices
9th Floor, Causeway Building,
Cnr 3rd Street & Central Avenue, Harare
Tel: 263 – 24- 2702 146-7 or 2702 173

Harare Contact: Clara Kupfuma
Cell: 0772 242 452
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

ZAMFI Offices
3th Floor, Mimosa Building, Cnr 9th Avenue/ Main Street, Bulawayo
Tel: 263 – 09- 67485

Bulawayo Contact: George Nhepera Cell: 0778 149 459,
This email address is being protected from spambots. You need JavaScript enabled to view it.

The classes will run on a block/semester basis as follows:

1st Block/Semester

2rd Block /Semester

Date : 06 April 2019 - 30 June 2019

Date : 05 August 2019– 31 October 2019

Modules :

1. Fundamentals of Microfinance
2. Principles of Entrepreneurship
3. Microfinance Lending and Risk Management
4. Financial and Social Performance Analysis for Microfinance Institutions( MFIs)

Modules :

5. Small Business Risk Management
6. Regulation and Supervision of Microfinance Institutions
7. Market Research and Marketing of Microfinance Services
8. Strategic Business Planning for MicrofinanceInstitutions(MFIs) and SMEs

Background

In direct response to specific skills deficiency in the microfinance sector, NUST in conjunction with ZAMFI launched this programme in Bulawayo in 2018 and following its successful execution, it was replicated in Harare starting February 2019 with 37 students. The programme is now going to be run in the 2 centres of Bulawayo and Harare. The Bulawayo 2nd intake is now open!

Course Objectives

The ECEME program being a world-class microfinance program was designed with capacity impact knowledge, skills and insights, intended to address many pressing challenges faced by MFIs today. It is common cause that MFIs are facing challenges related to control of non-performing loans, multiple lending, over-indebtedness, corporate governance, inadequate strategic business planning, and poor risk management among others. According to a ZAMFI 2010 strategic plan, skills deficiency was ranked highest and as such it is time to address this critical input that drive the efficient and productiveness of staff in MFIs.

The first block for this intake shall run from 09 March 2019 to 30 April 2019.

 Microfinance institutions are being invited to consider seconding their appropriate employees to be enrolled for this intake. It is envisaged that the company should consider making payments for their members of staff and explore considerate means of recouping their investment either through a soft loan basis or a bonding of the “trained” person. This is a matter for internal discourse.

Target Group:

This course is ideally for the following people:

  • Cadres already employed in the microfinance sector but have no intrinsic background to the basics and development of microfinance
  • Entrepreneurs of small to medium enterprises who have a keen interest in MF and/or SME development
  • Employees of government department and NGOs involved in running microfinance projects for marginalized communities.

Duration: 6 months split into 2 x 3 months blocks conveniently being weekend classes: full day Saturdays and half day Sundays

Application Fee: a non-refundable fee of $15.00

Tuition Fee: $120 per module i.e. $480.00 per block. If payment is being done by the individual, a payment of half deposit of $240.00 shall be accepted with the balance payable within three months period.

Registration and Payment of Fees deadline: 4 March 2019.

Contact Details

NUST CCE Campus
55 Jason Moyo Street/4th Avenue,
Bulawayo
Tel: +263(9) 887488/548
NUST CCE: Mrs. A. Dhlamini or Mrs. B. Bumhira
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

ZAMFI Offices
3th Floor, Mimosa Building, Cnr 9th Avenue/ Main Street, Bulawayo
Tel: 263 – 09- 67485

Bulawayo Contact: George Nhepera Cell: 0778 149 459,
This email address is being protected from spambots. You need JavaScript enabled to view it.

The classes will run on a block/semester basis as follows:

1st Block/Semester

2rd Block /Semester

Date : 09 March 2019 - 30 April 2019

Date : 1 June 2019– 31 July 2019

Modules :

1. Fundamentals of Microfinance
2. Principles of Entrepreneurship
3. Microfinance Lending and Risk Management
4. Financial and Social Performance Analysis for Microfinance Institutions( MFIs)

Modules :

5. Small Business Risk Management
6. Regulation and Supervision of Microfinance Institutions
7. Market Research and Marketing of Microfinance Services
8. Strategic Business Planning for MicrofinanceInstitutions(MFIs) and SMEs

Subcategories


Contact Details - Head Office

74 Rhodesville Ave
Greendale
Harare, Zimbabwe
Landline: +263 24 2702 146/7 or 2702173
Email: info@zamfi.org

Bulawayo

Mimosa Building(Opposite Bulawayo Centre)
Room 4, 3rd floor, 9th Avenue/J.M Nkomo Street, Bulawayo
Tel: +263 9 67485
Email: info@zamfi.org