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The Financial Services Community of Practice seeks to build the capacity of the microfinance industry to sustainably increase its client outreach, while offering a suite of beneficial financial services. Initiatives in this CoP have set standards and created tools for assisting microfinance institutions with managing challenges in operations and reporting. Initiatives have also explored financial services beyond credit, such as savings and youth products.
Current Initiatives in this CoP
The Financial Services Working Group improves the financial management and operations of microfinance institutions through developing and disseminating industry standards and resources.
The Savings-Led Financial Services Working Group brings together practitioners working with savings groups through knowledge sharing activities to create practical resources, build capacity, and define industry standards.
The Youth and Financial Services Working Group is building an evaluation framework that can provide guidelines to practitioners who are interested in providing youth financial services and determining the most effective and impactful approaches in this nascent field.
The Poverty Outreach Working Group advances practitioner learning on economic strengthening strategies that reach very poor people and have the ability to help them move out of poverty.
The Innovations in Youth Financial Services Practitioner Learning Program is an action-learning project that brings together partner organizations to focus on how to reach scale in the youth sector.
The Minimum Economic Recovery Standards initiative seeks to achieve consensus on minimum industry standards for economic strengthening programs in crisis situations. These standards are aimed at improving the capabilities and accountability of humanitarian and economic practitioners.
The Rural Agriculture Finance and Food Security Practitioner Learning Program is an action-learning project that looks at approaches to, and the interconnection of, rural and agricultural finance and household well-being.