getting the most from microfinance - hand in hand and fmo
DESCRIPTION
Josefine Lindange, CEO Hand in Hand International, explains why microfinance is only part of the story in the fight against poverty.TRANSCRIPT
[email protected] www.e-mfp.eu
#emw2014
EUROPEANMICROFINANCE WEEK 2014
DEVELOPING BETTER
MARKETS Hand in Hand and FMOTo get the most out of microfinance
Josefine LindängeHand in Hand International
Batrice Wanjiku | Dairy producer and borrower | Kenya
[email protected] www.e-mfp.eu
#emw2014
EUROPEANMICROFINANCE WEEK 2014
DEVELOPING BETTER
MARKETSHand in Hand – in the business of beating poverty through grassroots
entrepreneurship
US$ 250 million in loans
[email protected] www.e-mfp.eu
#emw2014
EUROPEANMICROFINANCE WEEK 2014
DEVELOPING BETTER
MARKETS Rethinking rural credit
Harnessing potentialCredit for what?
[email protected] www.e-mfp.eu
#emw2014
EUROPEANMICROFINANCE WEEK 2014
DEVELOPING BETTER
MARKETSGetting the most from microfinance
[email protected] www.e-mfp.eu
#emw2014
EUROPEANMICROFINANCE WEEK 2014
DEVELOPING BETTER
MARKETSWorking with FMO and Sida
Established Hand in Hand Eastern Africa in 2010, so far:
Financial and business training provided to 78,000 members
Loans to the value of: US$1.9m (through partners, or directly)
Three years in - Evaluation out in 2013
41,000 rural farmers trained (80% female)
33,000 enterprises and 44,000 jobs
91% started regular savings; 92% higher incomes
Our model is now a platform for Kenya’s Ministry of Agriculture extension
services and value-chain work
[email protected] www.e-mfp.eu
#emw2014
EUROPEANMICROFINANCE WEEK 2014
DEVELOPING BETTER
MARKETS Meet Alice Maina
Alice Maina ǀ Tomato farmer ǀ Gatundu, Kenya
[email protected] www.e-mfp.eu
#emw2014
EUROPEANMICROFINANCE WEEK 2014
DEVELOPING BETTER
MARKETSGetting the most out of microfinance
With an NGO an MFI can: Access a platform of extension services,
entrepreneurial skills, financial literacy training
Fill knowledge, capacity and skills gap
Lend safely and responsibly
See another bottom-line -- businesses and jobs,
improved incomes and livelihoods
[email protected] www.e-mfp.eu
#emw2014
EUROPEANMICROFINANCE WEEK 2014
DEVELOPING BETTER
MARKETSThank you for your attention
Josefine LindängeCEO | Hand in Hand International T: +44 7772 045 224 | + 44 207 514 5091E: [email protected]
We hope to hear from you soon. Thank you,Hand in Hand International