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assistance |
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Al
Karama staff during a Business Planning workshop
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RADE
staff with Heather Henyon & Mohammed Khaled
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An important component of the Initiative’s work has been to provide
technical assistance to partners and affiliates that need support in
specific areas, such as business planning, product development, MIS,
and human resource management. The Initiative provides customized
technical assistance through the use of staff, hired consultants,
and a regional microfinance expert and retained consulted, Mohammed
Khaled of MicroServe.
Business planning has been critical in boosting the capacity of
MFIs, helping them to create a strategic plan in which to guide
their management. Without a solid business plan, MFIs are not ableto
efficiently utilize resource, plan for long-term growth, or attract
commercial funds.
At all stages in the process, the Initiative works with the partner
to ensure that they are learning from the process and not simply
having a business plan created for them. Active partner
participation is thus essential and partner needs and priorities are
the primary consideration within all workshops and technical
assistance sessions.
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