In developing countries, microfinance has proved successful both in terms of social impact and in terms of financial sustainability, at least for some microfinance institutions, and especially in densely populated areas. In rural Africa, the provision of sustainable financial services remains challenging, because of strong environmental constraints. ,PAMIGA targets the following kind of MFIs:
- Sustainable rural MFIs (or MFIs showing short-term perspectives of financial sustainability).
- Mature institution with appropriate processes and infrastructure.
- Already-established rural MFIs, which are not receiving long-term technical assistance anymore.
- A network of Participatory Microfinance Institutions is created to strengthen the institutional, organizational and technical capacity of its members to provide sustainable, cost effective rural financial services.
- Tailor made demand driven advisory services are provided to promising MFIs to support their breath and depth of outreach to the poor rural households, contributing to pro-poor growth.
- The capacity of local Technical Service Providers to deliver innovative advisory services to the MFIs in the rural areas is enhanced.
Various funders and stakeholders are involved in the project. MIL is supporting the project with 80’000 Swiss Francs for 2010. The ressources are provided by the Liechtenstein Development Service (LED).
More detailed information about PAMIGA are available on the project website: www.pamiga.org