National Microfinance Support Programme
The project performance assessment of the National Microfinance Support Programme was successful in achieving its objectives and meeting major targets with respect to supporting the sector’s ability to deliver financial services to poor women and men, particularly regarding client outreach and loan outstanding. By the end of the project in 2009, improvements were still needed with respect to investment in outreach to the underserved states, emphasis on skill development training for livelihoods promotion, women’s empowerment, a poverty focus and regulations for the sector. The achievements of the project were significantly altered by a crisis in the sector in 2010, which affected microfinance institutions’ portfolio quality and sustainability. This assessment looked at the post-crisis period and noted recent signs of recovery with increased fund flow in the sector and more focus on client protection.
10 June 2013