IFC helps microfinance in­sti­tu­tions in Cen­tral Asia

The Pak Banker - - Front Page -

BISHKEK: IFC, a mem­ber of the World Bank Group, is launch­ing a pro­gram to train microfinance prac­ti­tion­ers in the Kyr­gyz Repub­lic and Ta­jik­istan how best to mo­bi­lize sav­ings and main­tain risk man­age­ment, thereby sup­port­ing eco­nomic growth in both coun­tries. IFC trains microfinance prac­ti­tion­ers in strate­gies to mo­bi­lize sav­ings, which can be as ba­sic as per­suad­ing con­sumers to take their sav­ings from un­der the bed and put the money into a microfinance in­sti­tu­tion or bank. The train­ing also cov­ers sav­ings op­er­a­tions man­age­ment, and risk man­age­ment in microfinance in­sti­tu­tions. In co­op­er­a­tion with lo­cal as­so­ci­a­tions of microfinance in­sti­tu­tions, IFC will also help the microfinance providers ex­pand their prod­uct outreach to con­sumers.

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