M2i maintains that for micro-finance to sustain, sound operational management practices, which strongly emphasize on ethical behavior and responsible lending are imperative. In order to assess adherence to ethical operational practices, M2i pioneered Code of Conduct Assessments for MFIs (COCA), performing the first of these assessments in the microfinance sector across the globe. Development of ...
Read MoreMicrofinance has emerged as a powerful tool for financial inclusion, providing access to financial services for millions of underserved individuals around the world. However, with its rapid growth, concerns regarding client protection and responsible practices have come to the forefront. To address these concerns, the Smart Campaign introduced the Client Protection Principles in Microfinance Insti...
Read MoreMicrofinance institutions (MFIs) play a pivotal role in extending financial services to underserved populations, empowering individuals like Shardha, Pooja, Anuradha, and Mamta (assumed names) with access to credit and banking facilities. However, as with any financial ecosystem, vulnerabilities exist, and unscrupulous actors sometimes exploit them. In this compilation of caselets, we delve into ...
Read MoreDue Diligence for Investing in Microfinance Institutions: Balancing Social and Financial Returns Microfinance Institutions (MFIs) have emerged as a powerful instrument for fostering financial inclusion and social development. These institutions serve the unbanked and underprivileged populations by providing them with access to essential financial services, including credit, savings, and insurance...
Read MoreTechnology Solutions for CSR Programs Technology Solutions for CSR Programs is no longer just a buzzword; it's a powerful tool for businesses to drive positive change. With the advent of technology, CSR programs can now achieve even greater impact and efficiency. In this article, we'll explore the transformative potential of technology solutions for CSR programs and how they are reshaping...
Read MoreE Learning Solution for the Banking and Microfinance The finance industry, including banking and microfinance, is a rapidly evolving sector that demands constant learning and adaptation. With the rise of e-learning solutions, professionals in these fields can now access high-quality training, keep up with industry changes, and enhance their skills conveniently. In this article, we'll explore ...
Read MoreTraining for Farmer Producer Organisations In the dynamic world of agriculture, empowering farmer producer organizations (FPOs) is vital for sustainable growth. FPOs play a pivotal role in bringing smallholder farmers together, enhancing their collective strength, and improving their socio-economic conditions. However, the success of FPOs hinges on effective training and capacity-building initiat...
Read MoreBaseline Survey for CSR Program Corporate Social Responsibility (CSR) programs have evolved into powerful tools for businesses to make a positive impact on society. However, to truly measure and maximize their effectiveness, a well-executed baseline survey for CSR program is indispensable. In this article, we'll explore the vital role of a baseline survey in CSR initiatives and how it lays th...
Read MoreIntroduction Internal audits are a vital part of any organization's risk management and compliance strategy. However, managing these audits manually can be time-consuming and error-prone. That's where software for doing internal audits comes to the rescue. In this article, we'll explore the benefits of using such software and highlight some of the top solutions available. The Importa...
Read MoreInternal Audit in Microfinance Sector In the ever-evolving landscape of financial services, microfinance institutions (MFIs) have emerged as powerful agents of change. These institutions, often serving the underserved and financially marginalized populations, play a pivotal role in promoting financial inclusion and reducing poverty. However, in their pursuit of this noble mission, MFIs must tread...
Read MoreFraud Risk Assessment in Microfinance In the dynamic realm of microfinance, where institutions extend financial services to the underprivileged, the fight against fraud is an ongoing battle. As M2i Consulting, we understand the importance of safeguarding the integrity of microfinance operations. In this blog, we will delve into the intricate landscape of fraud risk assessment in microfinance and...
Read MoreCode of Conduct Assessment for MFIs M2i maintains that for micro-finance to sustain, sound operational management practices, which strongly emphasize on ethical behavior and responsible lending are imperative. In order to assess adherence to ethical operational practices, M2i pioneered Code of Conduct Assessments for MFIs (COCA), performing the first of these assessments in the microfinance sect...
Read MoreThe certification program for Business Correspondents (BCs) and Business Facilitators (BFs) provided by the Indian Institute of Banking and Finance (IIBF) has become an industry standard. However, to meet the demands of the evolving banking sector, the curriculum needs to be updated. In this Ecopinion, Atul suggests the following enhancements in the curriculum. 1. Emphasizing Digital Transactions...
Read MoreEnsuring financial inclusion is a critical goal for economic development, and one of the significant challenges lies in reaching geographically remote areas. However, with strategic approaches and innovative solutions, it is possible to bridge the gap between these underserved regions and formal financial services. In this blog post, we will explore key strategies to enhance financial inclusion in...
Read MoreFinancial inclusion through business correspondents Introduction - Financial inclusion through business correspondents Financial inclusion through business correspondents is a key objective for developing countries like India, and one of the vital strategies employed to achieve this goal is the utilization of Business Correspondent (BC) agents. These agents play a crucial role in bridging the...
Read MoreIn this Ecopinion, Atul discusses about the technology adoption among Indian MFIs. Microfinance institutions (MFIs) have successfully integrated technology into their operations, particularly in transaction processing, document management, and disbursements. This has led to improved efficiency, with nearly all disbursements now being made digitally into borrowers' bank accounts. The digitizat...
Read MoreIn this Ecopinion Atul expresses three wishes Collaborative Taxation Taxation can be reimagined as a collaborative venture between citizens and the government, where taxpayers express their preferences for how their contributions should be spent. Estonia already implements this model, allowing citizens to allocate a portion of their income tax to support charitable organizations or public intere...
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