CAPACITY BUILDING of MFIs

CAPACITY BUILDING of MFIs

Among the challenges of microfinance is ensuring the constant supply and continuous professional development of field staff to help MFIs reach more of the poor.  In the next five years, the microfinance sector will require, at least, 10,000 new loan officers. The sourcing and training of these loan officers and other personnel is a challenge that the PinoyME Capacity Building Working Group seeks to address by offering a microfinance course in colleges and universities.

Led by Professor Ron Chua, Academic Champion of Microfinance in MBA Project at the Asian Institute of Management, the Working Group has designed a dual training system and competency-based education for microfinance (DTS-CBE) to provide students with the knowledge, skills, and attitudes to be a proficient microfinance officer. To date, six schools located in priority areas have agreed to offer both the TESDA and CHED track for loan officers.

The DTS-CBE offers tremendous potential to professionalize the human resources of the microfinance sector. Firstly, the training expense for new loan officers is reduced as graduates already have the requisite skills. Moreover, as the curriculum is “ladderized”, the loan officer can continue his/her studies and earn a degree even while working. Field staff meanwhile who were unable to finish a degree will have the opportunity for further studies that are related to their profession. The presence of DTS-CBE may also attract many enrollees because of the prospect of immediate employment.

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