Microfinance has transformed immensely in the past few decades. Emerging from its roots in the traditional credit-led business model, MFIs are now becoming fully licensed banks offering clients an expanded range of financial services. This transition has opened up the opportunity to mobilize deposits which serves not only to generate a sustainable funding source for MFIs but also to grow their client base and reach.
In light of the tangible benefits that accrue from offering both savings and credit products, scaling up savings mobilization has become a key priority for most MFIs. As institutions that traditionally have not been designed to mobilize deposits, MFIs are transforming their organizations to become fit-for-purpose. This requires MFIs to strategically reposition themselves in markets that have traditionally relegated them as credit-only institutions while; effectively addressing the operational and legacy challenges that hinder them from profitably rendering the expanded scope of services.
The Savings Mobilisation Course has therefore been designed to provide a platform to learn and share knowledge and ideas on how to develop winning strategies for deposit mobilisation as well as tactics to address crippling organizational challenges – including institutional cultures; unsuitable organizational systems & structures, technology adoption, capacity inadequacies and cost inhibitions - that impair the ability to successfully scale up savings mobilization.
"SAM provides the crucial knowledge, information and skills that have the potential to improve human livelihood globally."
Gabriel Kamuge