Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Governance in Microfinance

Governance in Microfinance

Mukambilwa, Innocent

Paperback

Business General

Currently unavailable to order

ISBN10: 6206207528
ISBN13: 9786206207528
Publisher: Our Knowledge Pub
Published: Jul 4 2023
Pages: 64
Weight: 0.23
Height: 0.15 Width: 6.00 Depth: 9.00
Language: English
It was not by chance that the author chose the title Governance in microfinance in the context of an environment in the town of Goma, the capital of North Kivu Province in the Democratic Republic of Congo, where the enthusiasm for micro-credit had unfortunately not been encouraged by severe avant-garde measures against the enemies of the sector's development. He refers to observations on the ground regarding the dismal failures of certain savings and loan cooperatives, which were forced to close their doors without repaying their members' investments. Apart from the non-repayment of loans, the crisis in some cooperatives and microfinance institutions (MFIs) was exacerbated by a failure to comply with the rules of good management. Loans were distributed without sufficient regard for the soundness of the applications submitted. The sentimental preferences of managers sometimes took precedence over the policies and procedures in force. There is a substantial correlation between performance and the application of good governance standards.

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