ADA has announced a SIMFI interactive Training Course on strategy, performance and risk management in microfinance.
SIMFI is an interactive simulation tool which teaches people how to lead an MFI according to good management practices. The user can visualise the direct consequences of the decisions taken based on a virtually changing environment and market conditions.
The objective of the training course is to promote a strategic approach to the management of an MFI – a Microfinance Institution. The training scenarios involve the participants to make decisions on policies. The training will further give an overview of the functioning of an MFI. The attention will be on more specific issues: risk management and/or performance indicators. Lastly, the training creates a dynamic exchange between the participants.
The training is intended for executive directors, deputy or financial directors of small and medium-sized Microfinance Institutions, known as Tier 3 and Tier 2 Microfinance Institutions. The Institutions should have a credit loan portfolio between €500,000 and €10m. The training is also for Financial Supervisors of the Microfinance sector and bankers with MFI activities or having MFIs as clients.
The training will focus on the following issues:
- Strategy;
- Performance indicators;
- Introduction to financial statements;
- Concepts of transparency and performance analysis of a quality portfolio;
- Efficiency and productivity;
- Financial management;
- Profitability and sustainability;
- Risk management;
- Governance and internal control environment;
- The function of a risk manager.
The programme includes various theoretical modules. These will be put into practice through the use of the web-based simulation programme, SIMFI. Participants will be divided into different teams and will take decisions and compete against each other, as well as against other virtual MFIs in the same market, all aiming to be viable, profitable and sustainable institutions.
The training will be taught by Ligia Castro-Monge, Independent Microfinance and Risk Management Expert, as coach in the project, and Paul Surreaux, an analyst from ADA.
The training will take place from Monday 7 November to Thursday 10 November 2016. Arrival is on Sunday 6 November and departure is on Friday 11 November 2016.
Luxembourg’s Ministry of Finance will co-finance the experts and management fees, accommodation (5 nights and breakfasts from 6 November to 10 November 2016), lunches on seminar days as well as the city visit.
Participants will pay €500 ttc. and a contribution of €30 (htva) for a mandatory travel insurance valid in the Schengen area. The latter also pays for the travel costs and personal expenses (phone bills, mini-bar, dinners, and transfer from/to the airport…).
The training will be undertaken in the Training Centre of the Chambre de Commerce at , rue Alcide de Gasperi, L-1651 Luxembourg-Kirchberg. The hotel at which the participants will be staying is Hotel D’Coque (centre sportif) at 2, rue Léon Hengen, L-1745 Luxembourg-Kirchberg. To register or for more information see http://bit.ly/2bCGBzI
