Support for Savings: How Microfinance Partners add Value to their Clients

Whole Planet Foundation Asia and the Pacific, Field Team Blogs, Latin America and the Caribbean, Sub-Saharan Africa 2 Comments

Whole Planet Foundation’s funds are provided to our partner microfinance institutions (MFIs) to be distributed to borrowers as microloans or in-kind productive assets (like cows, sewing machines, or solar lamps). For most of our partners, the loan is given in a “credit-plus” context. This means that the MFI would provide …

The Importance of Savings in Burkina Faso

Brian Doe Field Team Blogs, Microfinance Partners, Sub-Saharan Africa Leave a Comment

View a French translation of this blog post. Madeleine, the President of one of Yikri Burkina Faso’s microfinance groups, has successfully taken business loans to support livestock rearing activities. However, when explaining the difference the Yikri program had made in her life, she first recounted not the impact of credit on …

Alterna Savings

jason

We have funded microcredit clients through Alterna Savings in Canada. As co-operative financial institution, Alterna Savings is deeply committed to the communities they serve. Alterna has seen first-hand the impact a microloan can have on underserved entrepreneurs. Literally a life changer, these loans help increase income which results in better …

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Oromia Credit and Saving Share Company

jason

Oromia Credit and Saving Share Company (OCSSCO) is a registered and licensed microfinance institution operating in Oromia National Regional State of Ethiopia. Primarily it aims to provide credit at an affordable rate, savings which provide depositors with a return, and increasingly general full micro-banking services in key large towns.

Navigating COVID-19 in Bhutan: Providing Additional Capital to RENEW Microfinance Private Limited

Claire Kelly Asia and the Pacific, COVID-19, Field Team Blogs 1 Comment

During the COVID-19 pandemic, many of WPF’s microfinance partners have faced increasing demands from clients for both loans and savings withdrawals.  At the same time, many clients have faced difficulties in making repayments on their existing loans due to slowed business activity and/or travel restrictions and lockdowns.  In response to …

Mobile Money Ensures Continued Success Amidst the COVID-19 Crisis in Uganda

Whole Planet Foundation COVID-19, Microcredit, Microfinance Partners Leave a Comment

For three entrepreneurial women business partners in Uganda, the emerging COVID-19 crisis posed an immediate threat to their newly started business. Pictured above, the three entrepreneurs, Nancy, Lilly, and Irene stand on their business premises in Patira East Village. After successfully completing a training program in December 2019 with Whole …

Nine Outstanding Field Officers Recognized in 2020 Latin American Field Officer Awards

Stephanie Manciagli COVID-19, Field Officer Awards, Field Team Blogs, Latin America and the Caribbean, Microfinance Partners Leave a Comment

Whole Planet Foundation’s annual Field Officer Awards for the Latin American region were distributed in August 2020. This special honor is designed to go to a Field Officer who has gone above and beyond his/her role to provide financial services to low income entrepreneurs . Often, award nominations are submitted …

Webinars Share Best Practices and Innovations Concerning COVID-19 in Latin America

Stephanie Manciagli COVID-19, Latin America and the Caribbean, Microfinance Partners Leave a Comment

Prompted by interest from our network of microfinance partners, WPF organized two webinars to bring together our Latin American and Caribbean network of microfinance partners. The first call, in June 2020, gathered ten microfinance institutions to discuss how each was managing the COVID-19 crisis; if and how they were disbursing …

Technology in Microfinance and its Impact on Coping with the COVID Crisis

Brian Doe COVID-19, Microfinance Partners Leave a Comment

Prior to the COVID-19 crisis, many of Whole Planet Foundation’s microfinance partners were already investing in better internal systems and technology to manage their client portfolios. These partners have been the best positioned to manage their operations remotely, track how clients are being affected by COVID-19 restrictions and roll-out services …