Making Microfinance Work (MMW) Training

Making Microfinance Work (MMW) is a participatory and intense training curriculum for microfinance managers, developed by the ILO’s Social Finance Programme and International Training Centre. The first and principal volume of the curriculum, “Managing for Improved Performance,” focuses on helping microfinance managers to better understand their jobs.

Background and Justification

The Mentawai islands Livelihood Recovery project has been implementing its programme for almost two years. ILO as one out of three UN agencies has been implementing almost all of the livelihood recovery programme from vocational training, entrepreneurship training, financial education for family training and several main activities as part of the after/post training support. Most of our beneficiaries have received the benefit of our programme and able to start up their own business. Currently they already run their motor cycle repairing business, furniture making business and light meals making business. All of their micro business need to be continuesly supported and assisted. One the important aspect for to grow their business is financial aspect. This component is one of the important aspect of sustainability.

In order to ensure that our beneficiaries will receive financial assistance in the future, ILO need to improve capacity of Micro Finance Institution (MFI) in the area. The existing MFI operating in the area need to be strengthened to be able to provide outreach program to our beneficiaries. In the light of this sustainability purpose, ILO proposed to conduct a Making Micro Finance Work Training for managers of Micro Finance Institution (MFI). Below is the justification why we need to provide MMW training to our MFI.

In rapidly growing organizations in a relatively young industry, microfinance managers are often promoted into management positions with insufficient training. They are forced to learn on the job, through trial and error. Consequently, one of the biggest constraints to the success of MFIs around the world is the limited capacity of their managers, particularly at the middle management level.

Making Microfinance Work (MMW) is a participatory and intense training curriculum for microfinance managers, developed by the ILO’s Social Finance Programme and International Training Centre. The first and principal volume of the curriculum, “Managing for Improved Performance,” focuses on helping microfinance managers to better understand their jobs.

Objectives

To strengthen microfinance managers’ ability to improve the performance and expand the outreach of their institutions. By stimulating the sharing of experiences and providing tools for more effective management of day-to-day operations as well as product diversification, these training opportunities should enable participating managers to support if not drive productive change within their institutions.