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Related ResourcesDrop-outs Amongst Kenyan Microfinance Institutions
Product Costing - The Experience of MicroSaveBriefing Notes Author: David Cracknell and Henry Sempangi
Published: October 17, 2002
This note focuses on understanding of processes and costs structures which in turn facilitates improvements in efficiency and allows more informed pricing decisions to be made. It discusses activity based costing (ABC) at length and its significance for the MFIs such as reducing costs, redefining/rejecting loss making products etc. It also draws lessons from costing experience of MicroSave. The note recommends having management commitment, trained staff, careful background work and necessary resources in order conduct a successful costing exercise.