Carrisa Page, Learning from Real World Experiences: Lessons Learned in Using Microfinance in Post...

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Transcript of Carrisa Page, Learning from Real World Experiences: Lessons Learned in Using Microfinance in Post...

Post Conflict Microfinance

Carissa Page, USAID Microenteprise Development Office Microcredit Summit Campaign

June 15, 2011

1. Only a few “essential” conditions

(security, economic activity, population stability)

Post Conflict Microfinance: Lessons Learned

commercial banks macroeconomic stability social capital

Preferred Conditions

2. Adapt practices, but stick to the key principles

(microfinance is not philanthropy, repayment matters)

Post Conflict Microfinance: Lessons Learned

3. Establish institutions as permanent entities

Post Conflict Microfinance: Lessons Learned

4. Keep it simple, Stupid (KISS) – at least in the beginning

Post Conflict Microfinance: Lessons Learned

5. Microcredit alone is not enough

Post Conflict Microfinance: Lessons Learned

6. Community-based approaches can achieve multiple objectives

Post Conflict Microfinance: Lessons Learned

MICROFINANCE

jobs women’s

empowerment

social capital counter

insurgency

7. Coordinate with, but differentiate from, relief activities

Post Conflict Microfinance: Lessons Learned

Groans

Grants +

Loans

=

8. Early mf interventions can prevent relief from filling a void

Post Conflict Microfinance: Lessons Learned

9. Coordination with other donors is critical

Post Conflict Microfinance: Lessons Learned

10. Focus on capacity & outreach, not just on output numbers

Post Conflict Microfinance: Lessons Learned

11. Redundancy, redundancy, redundancy!

Post Conflict Microfinance: Lessons Learned

QUESTIONS?

Carissa Page

USAID/EGAT/PR/MD

cpage@usaid.gov