This Annual Report presents CGAP’s work in fiscal year 2009 (July 1, 2008, through June 30, 2009). This work is described according to the key strategic areas set forth by CGAP’s members for 2003–2013.
Financial Access 2009 reports on new data from a survey of financial regulators in 139 countries. It is intended for a broad audience of policymakers, researchers, practitioners, and multilateral and bilateral investors.
A central theme of the report is to address this variety in the levels of microfinance development and provide an overview of the key trends in the general level of development, policy environment, funding sources, external investments and the performance of microfinance institutions.
During this three to four-day course, participants learn to determine causes and costs of delinquency, to measure and control arrears, to calculate the costs of credit for clients, among other skills, through exercises, group activities and case study analysis.
Participants learn how to format financial statements for decision making, adjust for inflation and subsidies, measure portfolio quality, asset/liability management, efficiency and productivity and profitability and to choose strategies to reach sustainability.
The Accounting course introduces MFI managers to the basics of accounting and how to create the most commonly used financial statements like the Balance Sheet, the Income Statement, and the Chart of Accounts.
The present version of the course includes sessions on financial modeling—namely, defining institutional mission, goals and objectives, understanding clients and markets, carrying out environmental and institutional assessments and designing a strategy.