Community Managed Microfinance Part 1

• by Hugh Allen
• Jan 25, 2010
• 1 min

In this video series-1, Hugh Allen Founder of VSL Associates Ltd., discusses the major features of community managed microfinance and the nature of their clients. He also discusses the common obstacles in such community managed programs. Explaining the workings of a community managed microfinance in Africa, he says that a community managed groups consist of […]

In this video series-1, Hugh Allen Founder of VSL Associates Ltd., discusses the major features of community managed microfinance and the nature of their clients. He also discusses the common obstacles in such community managed programs. Explaining the workings of a community managed microfinance in Africa, he says that a community managed groups consist of about 20-25 members who pool their resources and meet weekly or fortnightly as they choose; they make loans to each other and at the end of the annual cycle they distribute the amount based upon some formula.