Managing Risk in Microfinance: Lessons Learned from the Field
When
This event took place on 8 Nov 2011 from 6:30 pm until 8:00 pm.Details
In the last twenty years, microfinance institutions across the globe have grown from small micro-lending organizations into multi-service non-bank financial institutions and banks, able to reach ever larger numbers of people and to provide a wider range of services to their clients. With this success, however, has come a new set of challenges, and as these MFIs have grown, they have had to manage a wider array of risks in their businesses. Some institutions have mitigated these risks more effectively than others, and in some cases, this has made the difference between survival and failure
A new white paper released by the Center for Financial Inclusion and written by Daniel Rozas, “Weathering the Storm: Hazards, Beacons, and Life Rafts,” explores the crisis-management experiences of ten MFIs in Asia, Africa, Europe, and the Americas and will provide the starting point for a discussion among risk management experts Deborah Drake, Karla Brom, Christian Ruehmer, and Janice Abraham, in an event co-hosted by St. John's University, The Peter J. Tobin College of Business. The speakers will discuss the paper’s case studies and will share their own experiences in the field regarding the risk management mistakes MFIs most frequently make and what techniques can make the difference between life and death for an MFI when they do get in trouble.
Some light refreshments will be served.
Please bring a photo id to ensure access to the event location. Thanks.
Participants
Deborah Drake
Deborah Drake has worked with ACCION International since 1990. She is Program Manager, Investing in Inclusive Finance, of the Center for Financial Inclusion at ACCION International. The Center, launched in September 2008, is a collaborative effort to advance the commercial model of microfinance while upholding the interests and needs of poor clients worldwide. The Investing
Ms. Karla Brom is an international banking and finance expert with over 20 years of experience and a specialization in risk management and corporate governance. She has been advising and training on the topic of microfinance and risk management since 2001, working with Citi, CGAP, the EBRD, EFSE, the IFC, the Grameen Foundation, Women’s World Banking and Mercy Corps.
Christian Ruehmer is a senior consultant for the IFC in the area of Risk Management for Microfinance. He is the co-founder of Perfect Point Partners srl (PPP), a consulting company with focus on Efficiency and Risk for MFIs. He works with MFIs since 2001 and advised over 50 MFIs and organizations in Latin America, Europe, Africa, and Asia.
Janice Menke Abraham, president and CEO of United Educators Insurance, is a recognized leader in the insurance industry. During her tenure, United Educators has become known as the premier risk management and liability insurance company for educational institutions, offering in depth expertise on the unique risks and claims facing this market sector.
Feedback
Were you at this event? We would love to get your feedback.| Attachment | Size |
|---|---|
| weathering-the-storm-case-studies_110712_final.pdf | 2.81 MB |
| weathering-the-storm_center-for-financial-inclusion_final 2011.pdf | 1.82 MB |
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