Microfinance Institutions (MFI) and Social-Businesses (SB) partners
- South and South-East Asia
Sonata offers solidarity loans to women in the north of India
Sonata started its microfinance operations in January 2006 in the district of Allahabad in Uttar Pradesh. Sonata concentrates its activities in this State which has the largest population of India and which is one of the poorest of the country. Sonata offers its services exclusively to women located in urban and rural areas in two of the poorest states of northern India (Uttar Pradesh and Madhya Pradesh), through a solidarity-loan methodology.
- Sub-Saharan Africa›Benin
ALIDé is a Beninese MFI that targets mainly poor women
The mission of ALIDé is to offer sustainable access to productive credit, savings and training support to disadvantaged families in suburban and rural areas excluded from systems of formal credit and savings. ALIDé now works through eight branches in the districts of Cotonou and its surroundings and in the municipalities of Abomey Calavi, Allada, Porto-Novo, Missérété, Adjarra de Dangbo and Avrankou.
- Sub-Saharan Africa›ETHIOPIA
PEACE offers savings and credit services in Ethiopia
PEACE is an MFI that provides savings and loan products since 1999 to women microentrepreneurs in Ethiopia. The institution has 16 branches in three rural areas of the country, Oromia, Amhara and SNNP. Its loan portfolio totalled €2.2 million. PEACE serves 18,000 customers of which 81% are women, through group lending of 3 to 8 people. 92% of loans are used for agriculture.
- Sub-Saharan Africa›Kenya
BIMAS targets the working poor in rural areas with group lending
In 1994, the Micro-Enterprise Development Programme of the NGO PLAN International became an independent institution named BIMAS that targets mainly the working poor in rural areas.
BIMAS mostly offers group loans to develop income generating activities. Most of its clients are working poor who can borrow between 150 and 190 EUR. BIMAS also launched an individual loan product in 2010.
Kenya Women Finance Trust (KWFT) is an MFI which targets exclusively women
Founded in 1981, Kenya Women Finance Trust (KWFT) is an MFI targeting only women. It offers microentrepreneurs (mainly small farms and small businesses) group loans, individual loans, and loans to improve health and living conditions of clients.
- Sub-Saharan Africa›Madagascar
TIAVO is a Malagasy member-based MFI providing loans and savings services with a dense rural and urban network
TIAVO started its microfinance activities in 1996 with the support of the World Council of Credit Union and the World Bank. It has successfully reached out to farmers and implemented innovative agricultural loan products such as mutual village warehousing loans (GCV). The core methodology used by TIAVO is individual lending.
- Sub-Saharan Africa›Mali
Miselini works primarily with women in the poorest neighborhoods of Bamako
Miselini is an MFI established in 1993, with financial support from the AFD and BNDA (National Bank of Agricultural Development). From 1999 to 2002 the MFI has received technical assistance from the CIDR. Miselini works mainly with women in the poorest neighborhoods of Bamako.
An agricultural MFI accompanying women in southern Mali
Soro Yiriwaso was created in 1986 on the basis of a microcredit programme implemented by Save the Children. It primarily targets women working in agricultural and rural areas. The MFI is ranked 7th in Mali by portfolio size and 2nd by the number of borrowers.
- Sub-Saharan Africa›République Démocratique du Congo
Hekima is a Congolese MFI working mainly with poor and illiterate women in Kivu
Hekima was established in 2004 as a microfinance programme of World Relief, a Christian international NGO based in the United States. Hekima offers credit products, mainly following a group lending methodology, and plans to expand its activities in rural areas.
- Sub-Saharan Africa›Sénégal
A savings and credit cooperative which operates in 6 out of 11 regions of Senegal
Caurie was created in 2005 from the merger of the microfinance programmes of Catholic Relief Services and CARITAS in Senegal. Caurie is a savings and credit cooperative that currently operates in 6 out of 11 regions of Senegal and targets mainly poor women in rural and suburban areas.
VIDEO
Yunus's speech about SB
