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2010 Annual Conference and General Assembly
from 05/10/2010 to 09/10/2010
Accra, Ghana
From October 5th to 9th, 2010, the Africa Microfinance Network (AFMIN) will organize its 9th Annual Conference on the theme "Access to Financial Services: Reaching the Poor and Excluded"....
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Microfinance Network Sustainability
Background
AFMIN organized a 2-day workshop on Network Sustainability Strategies during AFMIN’s Annual Conference, in Addis Ababa, December 2006. Participants discussed strategies for network sustainability in four main areas:- governance
- organizational capacity
- financial viability
- service provision.
Several network representatives discussed the subject of “network sustainability funds” as mechanisms for achieving financial viability. While the group did not agree on a definition of such a fund, the discussion included: network endowment funds, investment funds, and capacity building funds. Representatives from the networks in Zimbabwe, Ghana, and Benin organized a small group discussion on this topic.
Small group discussion summary:
- General agreement that networks should look into the establishment of such funds
- Important issues to be considered:
- Needs assessment and market research
- Determine minimum capital needs for a fund
- Sensitize members;
- establish member contributions to such a fund, etc.
- Involve several stakeholders (donors, government, investors)
- Determine fund structure, policies, and management structure
- Determine use of capital (support shortfalls in lending capital needs of members, contribute towards operational costs of network, etc)
Next steps
Representatives from several networks (Ghana, Zimbabwe, Benin, Malawi, Uganda, Mali, Gambia, Guinea and DRC) were interested in continuing the discussion in a virtual form, and SEEP agreed to host and facilitate this discussion. The goal of this working group discussion would be to identify different types of “funds” and roles that national microfinance associations can play, document existing experiences, and share the learning with the industry.FAITS SAILLANTS
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Mission and Vision
AFMIN’s mission is to contribute to the development and provision of effective and sustainable financial services to the low income population of Africa, by supporting Country level Networks and their member MFIs to achieve their missions and objectives, and helping to improve the microfinance environment in Africa and globally. AFMIN’s vision is to work together with microfinance...
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organizational structure
AFMIN governing bodies are : The General Assembly; The Board of Directors; And the Executive Secretariat; The General Assembly The General Assembly is AFMIN’s supreme governing body. It consists of the leaders of the 22 country-level networks represented by their Board Chairs and Executive Directors from each of the 22 country-level networks: an appointed network member and the...
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Board of Directors
The AFMIN Board of Directors is a body of seven individuals elected from among the members of the General Assembly; Board member do not represent their networks on the Board. The later reports to the genral Assembly and is responsible for developing guidelines for the long-term strategic direction of...
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Management team
The Executive Secretariat, together with the Board of Directors, constitute the network support organization for AFMIN. AFMIN secretariat staff consists of one Executive Director, one programme officer, one accountant, one Program Officer and one Administrative Assistant. This is expected to be the limit of full-time permanent staff for the AFMIN secretariat. In addition, AFMIN recruits...
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