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Making Microfinance Work Managing for improved performance Craig Churchill and Cheryl Frankiewicz INTERNATIONAL LABOUR OFFICE T  able of ConTenTs  Acknowledgements Foreword  Acronyms I Introduction to Microfinance Management 1 The Manager’s Mandate 2 Financial Services and the Poor 3 Institutional Options 4 Strategic Direction II Markets and Marketing Introduction 5 Microfinance Market Research 6 Product Development 7 Communicating Value 8 Customer Service 9 Customer Loyalty III Managing Risks 10 Introduction to Risk Management 11 Credit Risk 12 Staff Fraud and Security Risk 13 External Risks IV Organizational Architecture Introduction 14 Human Resource Management 15 Institutional Culture 16 Organizational Structure 17 Using Organizational Architecture to Manage Growth  V Towards Greater Efficiency and Productivi ty 18 Understanding Efficiency and Productivity 19 Performance Incentives 20 New Technologies 21 Managing Change 22 Costing and Pricing 23 Plans, Budgets and Reports 24 Managing Performance Bibliography Index Microfinance has long been recognized as having significant potential to create jobs and reduce poverty. But to meet the twin challenges of growth and sustainability, managers of microfinance institutions (MFIs) must not only understand essential management functions: they must also be armed with innovative ideas and strategies to succeed in today’s increasingly competitive environment. This training manual provides a valuable overview of the key management principles necessary to optimize the services of MFIs and brings together useful lessons from numerous MFIs worldwide to help managers strengthen the performance of their unit, branch or institution. Either used alone or as part of a management training course, Making Microfinance Work: Managing for improved performance offers an arsenal of tools and advice. The book examines the markets and marketing of MFIs and captures the different ways in which managers can communicate the value of their products and services. It introduces effective methods for enhancing efficiency and productivity which minimize the trade-offs MFIs invariably face as they try to provide services over the long term. The topic of managing risks is also covered. This manual offers strategies to prevent risk from occurring and, if it does occur , explains how to rectify the situation. Practical techniques for allocating costs and determining prices are also highlighted, as well as the importance of plans, budgets and reports. In a clear, easy to follow presentation, the book includes illustrations and case studies to assist managers in applying the concepts outlined in the text. An extensive list of additional reading and useful Internet resources is also provided. SpECIFICATIONS ISBN: 978-92-2-118657-1 price: 50 Sw.frs.; US$40; £20; 35 Euros Trimmed Size: 6.25 x 9.5 inches; 16 x 24 centimeters page Count: xii+416 ages publication Date: November 2006

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Page 1: Making Microfinances Work

8/14/2019 Making Microfinances Work

http://slidepdf.com/reader/full/making-microfinances-work 1/2

MakingMicrofinance WorkManaging for improved performance

Craig Churchill and Cheryl Frankiewicz

INTERNATIONAL LABOUR OFFICE

T able of ConTenTs

 AcknowledgementsForeword Acronyms

I Introduction to MicrofinanceManagement1 The Manager’s Mandate

2 Financial Services and the Poor3 Institutional Options4 Strategic Direction

II Markets and Marketing Introduction

5 Microfinance Market Research6 Product Development7 Communicating Value8 Customer Service9 Customer Loyalty

III Managing Risks10 Introduction to Risk Management11 Credit Risk12 Staff Fraud and Security Risk13 External Risks

IV Organizational Architecture Introduction

14 Human Resource Management15 Institutional Culture16 Organizational Structure17 Using Organizational Architecture

to Manage Growth

 V Towards Greater Efficiencyand Productivity

18 Understanding Efficiency andProductivity

19 Performance Incentives20 New Technologies21 Managing Change

22 Costing and Pricing23 Plans, Budgets and Reports24 Managing Performance

BibliographyIndex

Microfinance has long been recognized as having significant potential

to create jobs and reduce poverty. But to meet the twin challenges of

growth and sustainability, managers of microfinance institutions (MFIs)

must not only understand essential management functions: they must

also be armed with innovative ideas and strategies to succeed in today’s

increasingly competitive environment. This training manual provides

a valuable overview of the key management principles necessary to

optimize the services of MFIs and brings together useful lessons from

numerous MFIs worldwide to help managers strengthen the performance

of their unit, branch or institution.

Either used alone or as part of a management training course, MakingMicrofinance Work: Managing for improved performance offers an arsenal

of tools and advice. The book examines the markets and marketing of MFIs

and captures the different ways in which managers can communicate the

value of their products and services. It introduces effective methods for

enhancing efficiency and productivity which minimize the trade-offs MFIs

invariably face as they try to provide services over the long term.

The topic of managing risks is also covered. This manual offers strategies

to prevent risk from occurring and, if it does occur, explains how to rectify

the situation. Practical techniques for allocating costs and determining

prices are also highlighted, as well as the importance of plans, budgets

and reports.

In a clear, easy to follow presentation, the book includes illustrations and

case studies to assist managers in applying the concepts outlined in the

text. An extensive list of additional reading and useful Internet resources

is also provided.

SpECIFICATIONS

ISBN: 978-92-2-118657-1

price: 50 Sw.frs.; US$40; £20; 35 EurosTrimmed Size: 6.25 x 9.5 inches;

16 x 24 centimeters

page Count: xii+416 ages

publication Date: November 2006

Page 2: Making Microfinances Work

8/14/2019 Making Microfinances Work

http://slidepdf.com/reader/full/making-microfinances-work 2/2

O r d e r A c c e p t a n c e F o r m

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