IFC helps microfinance institutions in Central Asia
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.