Training nascent MFIs under RBSFI/Cordaid Programme, India
MicroSave has provided training and technical assistance to over 40 start-up and small MFIs of India working in unbanked and underbankedareas under the Royal Bank of Scotland Foundation India (RBSFI)/ Cordaid Programme. The programme built their capacities, helped them increase the outreach, achieve operational efficiencies and strengthen strategy planning, credit and operational processes, HR and financial management, and internal controls by implementing our toolkits. After two years, over 80% of participant MFIs raised debt capital while 20% were able to raise equity capital. The programme’s success inspired the client to replicate the programme in Indonesia and appointed MicroSave to execute the project.