|Programme seeks to boost Caribbean microfinance|
|Written by JASON SMITH|
|Wednesday, 26 September 2012 14:14|
The Microfinance Capacity-Building Project will be formally launched at a forum in Bridgetown, Barbados aimed at expanding microfinance lenders’ reach in the English-speaking Caribbean, according to a press release from the Inter-American Development Bank.
Lenders in the Bahamas, Belize, Guyana, Jamaica, Suriname, St. Lucia and Trinidad and Tobago are scheduled to attend the training, which will focus on management skills, marketing product design and financial tools, according to the press release.
A similar skills programme, “Carib-Cap I” began last year and focused on building the “business ecosystem that expands lending to low-income enterprises.”
“In the first year of the programme, client outreach of participating institutions rose by 14 percent and their portfolio-at-risk was nearly cut in half, dropping from 27 percent to 13.7 percent,” according to the release.
See the Sept. 27, 2012 edition for full coverage.