Major Project Components

This project - Project to Develop Standards for Microfinance - has five major components, namely:

  1. Coalition Formation.

    This entails the formation of a coalition of NGOs and other agencies which are involved in microfinance. It includes the formation of a core group of microfinance practitioners and policy advocates into a Policy Advisory Group (PAG) that will both be the life source and the driving force for the Project.

    The specific outputs of this component on coalition formation are: (1) the formation of the PAG indicated by core group members signifying formal agreement based on a selection criteria; (2) formation of coalition with members formally signing an agreement; (3) strategic plan to be evidenced by an approved Project Implementation Plan (PIP); and (4) regular and special meetings with the PAG meeting monthly and/or as needed, and with general membership meeting on a semi-annual basis.

  2. Design and Conduct of a National Microfinance Survey.

    A national survey shall be undertaken to identify, locate and gather relevant data on existing NGOs that are involved in the delivery of credit and savings services to the poor. The survey is expected to yield data on basic performance indicators that shall serve as a major input in the development of standards. The establishment alone of a statistical database on microfinance in the Philippines will be a major breakthrough.

    This component on the design and conduct of national microfinance survey shall produce (1) an inventory of MFIs; (2) a framework for the national microfinance survey; (3) training of enumerators; and (3) conduct of a national survey.

    The MFI inventory will consist of a database of NGOs involved in the provision of financial services; and profiles of MFIs. The database should be readily accessible while the profiles produced should be published and disseminated to target audiences.

  3. Training of Microfinance Institutions.

    Reiterative consultations will be done to elicit participation in and ownership of the Project by microfinance institutions, who actually are, the primary stakeholders in the standards that will be developed. Also, training activities will be undertaken to improve the level of understanding and working knowledge of the recipient institutions on the application of microfinance standards and indicators.

  4. Development and Promotion of Microfinance Standards.

    A review of existing standards will be undertaken. This Project component will produce the standards document which will be agreed upon by the coalition. To promote the standards there will be several regional workshops and a big national workshops. The regional workshops will culminate in a national microfinance summit where the standards will be formally launched.

    The standards document will also be disseminated and, to the extent possible, presented to donor agencies, government agencies and the banking sector.

  5. Advocacy.

    Advocacy efforts will be pursued throughout the Project duration. Linkages will be established with NGO networks, bankers' associations, international groups, among others. Exposure trips to successful microfinance models abroad for policy makers and MFI senior officers will be undertaken. As part of the Project's networking activity a coalition directory will be distributed to all members and concerned national and international agencies. Publications produced at various stages of the Project shall also be distributed to these institutions. The Project shall also facilitate the linking of agencies into an information sharing network through the provision of an on-line service. This network shall serve as a forum for advocacy of standards developed.

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