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Institutional metamorphosis: Transformation of microfinance NGOs into regulated financial institutions
Campion, A. & White, V.
Publication Date: 1999
Published by: The MicroFinance Network (MFN)
What are key issues to be considered in the transformation process?
Transformation of microfinance NGOs into privately owned, regulated financial institutions is a relatively new phenomenon in the field of microfinance. The drive towards financial self-sufficiency, along with a decreased availability of donor funds, has led microfinance practitioners to consider options for commercialisation and entry into the formal financial sector.
Presents:- range of transformation models and common issues specific to the transformation process
- regulatory, financial and operational issues involved in the process of integration into the formal financial system
- general costs, benefits and key issues involved in creating a formal financial institution
Illustrates transformation challenges faced by microfinance NGOs such as PRODEM/BancoSol and Pro- Credito/Caja de Ahorro y Prestamo Los Andes in Bolivia, ADEMI/Banco ADEMI in the Dominican Republic, Servicio Crediticio de AMPES/Financiera Calpi’ in El Salvador and Corposol/Finansol in Colombia.
Includes transformation case studies of K Rep in Kenya, CARD in the Philippines and ACP/Mibanco in Peru. (adapted from author)
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