Posts Tagged ‘Malawi’

Financial Education: From Rwanda to Russia

Friday, September 16th, 2011

DFID Financial Sector Deepening Project Uganda & Association of Microfinance Institutions of Uganda (AMFIU)

Dasha Kuts is an Intern with MFTransparency’s Financial Education Program. She is also a Financial Service Expert for the International Resource Group, working on the USAID-funded Microlinks website.

MFTransparency has been instrumental in developing useful tools and processes to improve financial education and consumer protection in the microfinance sector. Recently, I got involved with the Financial Education Program that is being conducted by MFTransparency in Rwanda and Malawi.

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Tags: enabling APR & EIR, Financial Education, Malawi, Responsible Finance
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Trends Observed in Malawi Data Collection

Friday, October 22nd, 2010

by Paul Kuwornu

MFTransparency recently launched the Transparent Pricing Initiative in Malawi. The Initiative has received strong support from the Malawian microfinance industry from the start, which has continued into the data collection phase. I want to share with you some of the trends we’ve observed so far regarding pricing practices, group lending and repayment schedules in the Malawian microfinance industry.
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Tags: Data collection, Malawi, Repayment Schedule
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Microfinance in Malawi: An Industry in Transition

Thursday, October 7th, 2010

by Paul Kuwornu

Since launching the Transparent Pricing Initiative in Malawi in August (also the launch of the enabling APR & EIR Program), I have learned a lot about the microfinance industry in Malawi. The microfinance sector in Malawi is relatively small but actively involved in a transition into a more credible and sustainable business to cater for the poor’s financial needs. The microfinance industry in Malawi is made up of various types of institutions ranging from SACCOs, whose members own shares and earn dividend, to non-profit NGOs who seek to promote the well-being of the poor. Currently there 21 MFIs registered with the Malawi Microfinance Network (MAMN). The sector has received a lot of attention in recent days and various strategies and initiatives have been put in place to boost the industry.
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Tags: Client Protection, enabling APR & EIR, Financial Education, Malawi
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Response to Nyasa Times Article: “Stop stealing from the poor”

Friday, October 1st, 2010

by Jordan Filko

On August 31, 2010 MicroFinance Transparency hosted a workshop in Lilongwe, Malawi, in partnership with the Malawi Microfinance Network (MAMN) to launch the Transparent Pricing Initiative in Malawi. In this workshop, MicroFinance Transparency Vice President Alexandra Fiorillo offered a range of local industry stakeholders training on the calculation of microfinance interest rates and various methods of implementing transparent pricing.
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Tags: Client Protection, enabling APR & EIR, Malawi, Need for Transparency
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Transparent Pricing Initiative in Malawi Off to a Great Start

Thursday, September 16th, 2010

by Christabel Dadzie

MFTransparency Vice President Alexandra Fiorillo trains participants of the launch workshop in Lilongwe, Malawi

On the 31^st of August 2010, MicroFinance Transparency launched the first country project of the enabling Africa to Price Responsibly and Educate on Interest Rates (enabling APR & EIR ) Program in Lilongwe, Malawi. Sixty-five participants, representing microfinance institutions, donors, investors, government officials and regulators, participated in the project launch.

The chairperson of the Malawi Microfinance Network (MAMN), Joseph Mononga, gave the opening remarks in which he stressed that transparent pricing is critical for ensuring a sustainable microfinance industry in Malawi. He also expressed the importance and timeliness of the MFTransparency project since pricing has recently been a major issue of discussion in Malawi. He expressed thanks to MFTransparency for undertaking this important initiative.
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Tags: enabling APR & EIR, Malawi, Project Launch, Training, Transparent Pricing Initiative
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Preparing to launch the enabling APR & EIR Program: Bringing transparency to 8 countries in Africa

Tuesday, August 24th, 2010

by Christabel Dadzie

MicroFinance Transparency has begun a global movement to promote transparent pricing in the microfinance industry by collecting data and training microfinance institutions, regulators, and other stakeholders about the true cost of loans. Next week we will launch a project that will expand this movement throughout Sub-Saharan Africa.
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Tags: enabling APR & EIR, Ghana, Malawi, Project Launch, Transparent Pricing Initiative
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Malawi: A Country in Need of Microfinance

Friday, July 23rd, 2010

by Dicken Chaplin

My first job as a summer intern for MFTransparency has been to research the market in Malawi in preparation for the Transparent Pricing Initiative in Malawi, the first project launch of the enabling APR & EIR Program, on August 31^st. Through my research I have learned many things, but none more poignant than how poor and underdeveloped the majority of Malawi is.
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Tags: enabling APR & EIR, Malawi, Mobile Banking, Transparent Pricing Initiative
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