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South Asian Microfinance Network


 

BWTP Member Profile:


South Asian Microfinance Network


Address: B5/18, Safdarjung Enclave
City/Country: New Delhi 110029, India
Contact Person: Ms. Sugandh Saxena
Regional Coordinator
Contact Number: 00 91 11 413 54861
Fax Number: 00 91 11 413 54861
Email Address: sugandh.saxena@acted.org
Website: www.samn.eu

 

MEMBER OVERVIEW

Background:
The South Asian Microfinance Network (SAMN) is an initiative by ACTED to promote economic development in South Asia by establishing a network for coordination and cooperation between the European financial sector and the microfinance sector in South Asia.
This is the first initiative of its kind in South Asia to provides a unified platform for MFIs in the region and European investors to forge business linkages. In addition, the network also provides a knowledge base to its members on micro-finance and investment related issues and opportunities.
SAMN is formed under a project of ACTED funded by the European Union’s Asia Invest budget line. Asia-Invest is an initiative by the European Commission to promote and support the co-operation between EU and Asian companies by facilitating mutually beneficial partnerships between companies in order to increase trade and investment flow between EU and Asia and to improve the business environment.
Mission:
Establish SAMN as an effective and sustainable mechanism to promote development of and facilitate investment in its member MFIs. 

PROGRAMMES / PROJECTS

Some of the broad thematic area for training that have been identified across the MFIs are:

1. Institutional Capacity of MFIs

The Project will provide training and Technical Assistance (TA) in various areas that will improve the institutional capacity of the MFIs, including strategic planning, good governance, internal systems, accounting, record keeping, developing and maintaining written operating manuals on savings and credit policies, internal control, auditing, fraud control, report generation, and financial reporting.

2. Management Information Systems (MIS) and introduction of MIS software

The Project will emphasize the importance of effective and appropriate Management Information System (MIS). In particular, the Project will introduce a loan tracking software (Octopus) among beneficiary MFIs for free, which will allow them to monitoring performance of their own operations.

3. Product development.

The Project will provide MFIs with technical assistance, information, support, tools and guidance in properly designing new products and methodologies.

4. Business Plans development

The MFI will be assisted to develop their long term Strategic Business Plan with key outputs and deliverables and set performance standards for operating efficiency, portfolio quality, organisational sustainability and Institutional profitability.

EXPOSURES
1. Exposure within Participating MFIs in South Asia;
2. Exposure to European banking standards;
3. Organisation of exposure visit to France for MFIs

NEWS

LATEST NEWS 

1/15/2010      PMN to start academic linkage programme at IBA
 
1/15/2010      Aavishkaar Goodwell Invests in Shre Pathrakali Finance in India
 
1/15/2010      Gates Foundation makes $38 million in grants to spur micro savings
 
1/15/2010      Investors happy as microfinance lenders discipline growth in India
 
1/15/2010      Standard Chartered Bank Pakistan Closes First Microfinance Deal, $4.2m to Kashf Foundation
 
1/12/2010      Rabo India provides Rs 35 Cr debt facility to Asmitha Microfinance
 
1/12/2010      Microfinance branches ease credit flow to SHGs in Tamil Nadu, India
 
1/12/2010      First Microfinance Development Bank (FMDB) in Nepal targets poor people
 
1/12/2010      First Micro Finance Bank in Pakistan signs MoU to improve living standard of poor
 
1/12/2010      Central Bank of Sri Lanka to strengthen legal and regulatory framework
 
1/12/2010      Ascend Banking Solution to be installed in 1,000 branches of BRAC
 
1/12/2010      SA-DHAN- FICCI conference to focus on responsible microfinance and financial inclusion
 
1/12/2010      Fazle Hasan of BRAC to be knighted
 
12/30/2009      Asasah Partners with Al Huda to Promote Islamic Microfinance in Pakistan
 
12/30/2009      Microcredit lenders asked to fix interest rates rationally in Bangladesh

EVENTS

 

PUBLICATIONS

Prospects for Investment in South Asian Microfinance
SAMN recently presented "Prospects for Investment in South Asian Microfinance" at 2nd Convergences 2015 Forum in Paris on 30th April 2009. This report serves as an introduction to SAMN and the financing development project. It is particularly targeted to potential investors in South Asian Microfinance, with an overview of investment conditions, regulations and procedures in each project country as well as brief look at each of our MFI partners.